Chery to build light commercial EV with Deutsche Post
Chery Holdings Co. plans to assemble battery-powered light commercial vehicles in China with Deutsche Post’s electric van subsidiary StreetScooter.
Under a memorandum of understand signed during German Chancellor Angela Merkel’s visit to China this month, the two companies plan to invest 500 million euros (3.9 billion yuan) in a joint venture, Chery Holdings said.
The partnership, which will be able to produce up to 100,000 vehicles a year, is expected to launch sales in China in 2021.
The jv will operate its own research and development center to develop an EV refit platform, Level 4 autonomous driving and smart mobility solutions for the logistics industry.
Additional details about the partnership, including where it will be based, were not released.