StreetScooter and Chery Holding Group sign MoU to produce eLCV.

StreetScooter, a subsidiary of Deutsche Post and Chery Holding Group, a leading Chinese automobile manufacturer signs Memorandum of Understanding (MoU) to begin local production, sourcing, and development of last-mile electric light commercial vehicles (eLCV). Financial terms were not disclosed. “We’re thrilled about the upcoming collaboration with our partner Chery and this opportunity to open up the world’s largest market for electric light commercial vehicles, introduce our energy, logistics, and fleet solutions and create a local source of value creation." Jorg Sommer, StreetScooter CEO.