Ford Teams Up With Germany's Mail Carrier on Electric Parcel VanBy
Venture could become Europe’s biggest mid-sized e-van maker
Battery-powered vehicle to be based on Ford’s Transit model
The new vehicle, bigger than Deutsche Post’s current lineup of no-frills e-vans and based on the Ford Transit, will be used to deliver packages, the companies said in a joint statement. Production will start in July, with the goal of assembling at least 2,500 vehicles by the end of 2018. That would make it Europe’s biggest venture in that segment, they said.
The German postal company, which also owns the DHL shipping service, has made surprising inroads into the electric-vehicle market by developing a bare-bones model with no passenger seat, air-conditioning or radio -- and a top speed of less than 50 miles per hour. The mail carrier plans to electrify its global fleet of 92,000 vans in a shift away from diesel, which is under growing scrutiny due to health concerns.
Deutsche Post shares rose as much as 4.3 percent, the most in almost two months, to the highest since the initial public offering in 2000. They were 3.2 percent higher at 33.10 euros at 2:51 p.m in Frankfurt trading.
StreetScooters will be increasingly deployed in rural areas as battery capabilities improve, and Deutsche Post plans to ramp up production to 20,000 vehicles annually. The company now operates 2,500 of the vans.