awesome insights

China market entry of StreetScooter advised by awesome

In September 2019, the venture of the Deutsche Post DHL Group "StreetScooter" and car manufacturer Chery Holding Group signed a Memorandum of Understanding (MoU) to localize production, procurement and development of an adapted last-mile electric commercial vehicle (eLCV) for the Chinese and South-East-Asian market.
The MoU signing ceremony was part of the economic agreements within the framework of Chancellor Dr. Angela Merkel's 14th trip to China. The signing of the declaration by Joerg Sommer, CEO StreetScooter, and Yin Tongyue, Chairman of the Board of Chery Holdings Co, Ltd, took place in the presence of the heads of German and Chinese government in the Hall of the People in Beijing.

awesome took part as a contracted advisor of the US$500 million joint venture.