Deutsche Post DHL Pulls The Plug On StreetScooter Production

Deutsche Post DHL Group decision on StreetScooter: “Future focus on the operation of the existing fleet”

Deutsche Post DHL announced an intention to end in-house production of all-electric vehicles by its subsidiary StreetScooter.

The main reason is that the project was not viable financially. According to Bloomberg‘s article, the year 2019 alone brings a loss of about €100 million ($110 million).

The company will terminate production later this year and will post a one-off between €300 million and €400 million ($330-$340 million) write-downs on the StreetScooter.

The electric vehicles itself – Work and Work L models, produced by StreetScooter in Aachen and Düren in Germany, as well as the bigger Work XL, produced by Ford at its plant in Cologne (using Ford Transit chassis) were actually pretty handy EVs.

In late 2019, Deutsche Post DHL expanded its fleet of StreetScooters to 10,000 (some 11,000 now) and sold a four-digit number to other fleets. However, the business was simply generating significant losses.

Deutsche Post DHL Group – StreetScooter WORK XL