(Source: Electrive)

"StreetScooter, a subsidiary of Deutsche Post DHL Group is going to stop production of electric commercial vans. It will now focus on operating existing electric vehicles and purchasing new vehicles from other automakers from next year. After carrying losses for the past six years, production of StreetScooter van wasn’t financially viable for DHL. Even in 2019, it suffered a loss of US$110 million." - Aman Madhok

Highlights:

StreetScooter was once considered as a competitor of Volkswagen and Daimler in the electric commercial vehicle market.
The company had no intention to enter the commercial vehicle market. It was only producing vehicles for its own fleet.
The faulty business strategy, the straight decline of light-duty trucks in Europe and increasing competition with the emergence of Rivian, forced DHL to take this decision.

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