Stellantis and Toyota announced an agreement for new commercial vans targeted at the European market, including an electric version of the vehicle.
On Monday, Stellantis and Toyota Motor Europe (TME) announced the expansion of their partnership with a new agreement on large commercial vans that will also include a battery-electric version.
Accordingly, Stellantis will supply TME with the new vehicles for sale in Europe under the Toyota brand. The van will be produced at Stellantis plants in Gliwice, Poland, and Atessa, Italy.
Carlos Tavares, CEO of Stellantis, said: “With this third successful engagement, Stellantis is further demonstrating its expertise in the commercial vehicle segment and in developing battery-electric technology built to support a full range of needs. This agreement strengthens our leadership in the EU30 for LCVs and low emission vehicles and moves us a step closer to realizing our Dare Forward 2030 goal of becoming the undisputed global light commercial vehicle leader, in terms of technology, manufacturing, market share and profitability.”
The vehicle is planned to be released in mid-2024. The large-sized vans will also mark TME’s first entry into the large-size commercial vehicle segment.
Matt Harrison, President, and CEO at Toyota Motor Europe, said: “We are pleased that we can extend this successful partnership through the introduction of a new large-size commercial van. It represents an important addition and completes our light commercial line-up for Toyota’s European customers. The new LCV will represent a key contribution to Toyota’s growth targets for its overall LCV line-up, alongside the Hilux pick-up, Proace and Proace City, enabling Toyota to provide a mobility solution in all segments of the LCV market,”
Stellantis and Toyota have been producing commercial vehicles for a decade now. The new van will complete a full LCV line-up under the partnership. The initial mid-size LCV is made in France, followed by a compact-size LCV produced in Spain, and the now large-size LCV announcement completes the line-up in Europe.
