IVECO to supply 1,064 gas-powered S-WAY trucks to Amazon to support European operations

Rhea-AI Summary

IVECO, a brand of CNH Industrial (NYSE: CNHI), announced a significant order from Amazon for 1,064 IVECO S-WAY CNG trucks. This initial delivery includes 216 units, with 848 more expected in mid-2022. The trucks feature advanced FPT Industrial Cursor 13 Natural Gas engines, offering a range of 620 km. Moreover, the upcoming units will integrate IVECO Driver Pal with Alexa. This collaboration emphasizes IVECO's commitment to emissions reduction, with CNG vehicles capable of cutting CO₂ emissions by up to 95% using bio-methane.

Positive

• Order of 1,064 CNG trucks from Amazon, enhancing revenue potential.
• First batch of 216 units delivered, showcasing product deployment.
• Innovative features like IVECO Driver Pal enhance market competitiveness.
• Trucks will reduce CO₂ emissions by up to 95%, aligning with sustainability goals.

Negative

• None.

London, November 17, 2021

IVECO, a brand of CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) and a pioneer in the commercialization and manufacturing of vehicles powered by alternative fuels, announced today an important development in its commercial relation with Amazon.

Amazon has already taken delivery of the first batch of 216 units IVECO S-WAY CNG (Compressed Natural Gas) to be operated by its partners in Europe and another 848 units have been ordered with deliveries to be started in the middle of 2022 (for a total order of 1,064 trucks).

These 1,064 trucks are powered by the state-of-the-art FPT Industrial Cursor 13 Natural Gas engines and equipped with 1052-liter CNG tanks, the largest available, with the expectation that they will yield an impressive range of 620 km (approx. 385 miles) between refueling. The 848 units on order for delivery in 2022 will also feature IVECO Driver Pal, the Brand’s trailblazing on-board vocal driver companion with Amazon Alexa features.

Gerrit Marx, designated Chief Executive Officer of Iveco Group, said: “We have been pioneering gas propulsion technology for 25 years, developing solutions that allow operators to make significant reductions in emissions right now. Collaboration with global leaders like Amazon is a testament to the robust capability of our innovative products and our unyielding commitment to the industry objective of decarbonizing transport by 2050. Iveco Group will continue leading the way in combustion engines running on renewable fuels, the only viable solution already available at scale on the market to reduce emissions. Let’s not forget that a CNG truck powered by bio-methane can cut CO₂ emissions by up to 95% from a well-to-wheel CO₂ measuring approach, effectively contributing to the decarbonization process.”

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com

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Media contact:
Rebecca Fabian

Corporate Communications Manager
CNH Industrial
Tel: +1 312 515 2249

Email: mediarelations@cnhind.com

        

Attachment

• 20211117_PR_CNH_Industrial_Iveco_Group_Amazon_Order

FAQ

What is the significance of the Amazon order for CNHI?

The order for 1,064 IVECO S-WAY CNG trucks represents a substantial revenue opportunity and highlights CNHI's growth in the alternative fuel vehicle market.

When will the additional IVECO trucks be delivered to Amazon?

The additional 848 units of IVECO S-WAY CNG trucks are scheduled for delivery in mid-2022.

What technology is used in the IVECO S-WAY CNG trucks?

The IVECO S-WAY CNG trucks are equipped with FPT Industrial Cursor 13 Natural Gas engines and feature the largest available CNG tanks.

How do IVECO trucks contribute to reducing emissions?

IVECO trucks powered by bio-methane can cut CO₂ emissions by up to 95%, significantly contributing to the decarbonization of transport.