DURING THESE UNPRECEDENTED TIMES, WE HAVE BEEN FOCUSED ON KEEPING OUR EMPLOYEES SAFE, THE BUSINESS STABLE AND OUR STRATEGIC GROWTH ON TRACK

While we have seen a natural lack of demand in Q2, we remain positive for the months ahead.Our business growth strategy is based on two key elements – new product and new markets. Despite the global pandemic, we have kept the launch programme for our new electric van, VN5, on target and on time.We start production of VN5 in November with UK deliveries before the end of the year, and European customers will access VN5 from March 2021.

With VN5, we want to set new green mobility standards in the commercial vehicle sector. We’ve applied our extensive knowledge from the taxi world to create a high quality, hard-working van with zero emissions as well as long-distance capability. As well as offering favourable operating benefits, VN5 fulfils the growing demand from both businesses and consumers for cleaner, more sustainable commercial vehicles.

We are currently working with partners like DPD, Royal Mail, Kier, Octopus Energy and Speedy to trial converted TX taxi prototype vehicles ahead of the official launch of VN5 later this year. These early trials are giving us real world testing opportunities and I’m confident of securing VN5 partnerships with these companies in due course.

Our export strategy continues at pace. In January, LEVC launched TX in Japan and we have recently supplied 100 new TX taxis to Azerbaijan in eye-catching ‘Tupelo Red’ to be used as premium transport for visitors to the capital. Later this year, the Middle East and Egypt will join our global network. We plan to be in 21 markets by the end of 2021.

In addition, our European sales office In Frankfurt is continuing to work hard to actively build on the existing sales and service network across the EU. This month we appointed the first full sales and aftersales dealer in Bielefeld, Germany that will sell both TX and VN5 and this adds to the six LEVC service dealers that are already operating in Berlin, Karlsruhe, Hamburg, Hanau, Krefeld and Munich.

TX is gaining further demand in Europe recently thanks to it purpose-built partition screen which separates the passenger compartment from the driver. Due to this unique protection against COVID-19, a growing number of e-mobility services are using TX for ridesharing and on demand shuttle services.

And, as we broaden LEVC out of the ‘niche’ taxi market and launch VN5 into the wider commercial vehicle sector, we look forward to really bringing our ‘sustainable innovation’ brand promise to life.


Joerg Hofmann

CEO, LEVC