StreetScooter to enter Chinese market by cooperation with Chery Automobile
September, 2019 –StreetScooter GmbH, a subsidiary of Deutsche Post and market leader for electric light commercial vehicles (eLCV), has signed a memorandum of understanding (MoU) with the Chinese automobile manufacturer Chery Holding Group (Chery). The agreement establishing a joint venture between the two companies was reached during German Chancellor Angela Merkel’s trip to China. Chery is one of China’s leading automobile manufacturers, with a 20% market share in electric commercial vehicles sector. Chery is expanding its scope of mobility within the high promising segment of light cargo electric vehicles and micro e-mobility solution.
The two companies plan to develop an electric light utility vehicle for the international market in selected countries. The project will include local manufacturing and sourcing as well as nationwide sales and service. As outlined in the memorandum, the entry of electric light commercial vehicles into the Chinese market will be gradual. Mass production is scheduled to begin in 2021 with production capacities of up to 100,000 electric vehicles per year.
The joint venture also aims to establish a location for research and development in China, focusing on developing eLCV components, technology, vehicle architecture and design, autonomous logistics and energy solutions. The Chinese market for light commercial vehicles is expected to reach 2.3 million trucks by 2025, over 900,000 of which are forecast to be electric. Such rapid growth will make China the largest market in the world for electric vehicles of this kind, followed by Europe and the USA. Market growth is being driven by numerous factors: Urbanization, rising transport volumes in downtown delivery traffic (last mile), related municipal rules and regulations on vehicle emissions, and new mobility, logistics and energy solutions. Major sales potential for the soon-to-be jointly produced electric vehicles will be offered by a regionally tailored and homologated version of the StreetScooter products and services. The new joint venture intends to target major fleet operators in the areas of last-mile delivery and e-commerce as potential customers.
At the upcoming “The 3rd Annual China Automotive E/E Architecture Technology Innovation Conference” to be held on the 7 - 8 Nov. 2019 in Shanghai, Mr. Ruilin Shi, the Director E/E Architecture of Chery Automobile will join with us to share his openion towards the development of Chery Automobile's elctric architecture stragegies.
You will also meet with :
Yanfeng Visteon Automotive Electronics System Architect Yanfeng Visteon Automotive Electronics Senior Manager Yanfeng Visteon Automotive Electronics Project Director Yanfeng Visteon Automotive Electronics Electric Architect Yanfeng Visteon Automotive Electronics Software Architect iSoft Infrastructure Software Co., Ltd Deputy General Manager iSoft Infrastructure Software Co., Ltd Clients Manager iSoft Infrastructure Software Co., Ltd Senior Marketing Manager Suresoft General Manager Suresoft Deputy General Manager DRÄXLMAIER GROUP Director Concept Design Electric Dongfeng Commercial Vehicle Chief Engineer EEA Technology Dongfeng Commercial Vehicle Deputy Director of EEA Development Dep. Chery Automobile R&D Center Director of Intelligent Vehicle Technology Center AutoNavi Software Technical Expert EDAG COO EDAG EE Director EDAG Director APTIV Technical Manager APTIV Product Line Architecture Horizon Robotics Vice President Horizon Robotics Intelligent Dricing Technical Expert Hinge Tech Deputy General Manager Hinge Tech CTO Hinge Tech Manager CRRC TIMES Electric Vehicle Head of Intelligent Driving Systems CRRC TIMESElectric Vehicle Minister of Intelligent Control Technology CRRC TIMESElectric Vehicle Head of Intelligent Control Technology