Modec, the British manufacturer of electric commercial vehicles, and Navistar International Corporation the U.S.-based truck manufacturer, are finalising a ground breaking Joint Venture.
United States President Barack Obama announced today a significant grant to stimulate electric vehicle manufacturing in the US. This broadcast took place at the Navistar premises in Elkhart County, Indiana. Navistar was awarded a grant of $39m, which will be used to accelerate electric vehicle production.
The deal would see a Navistar-Modec Joint Venture produce and sell electric Class 2c-3 commercial vehicles in North, Central and South America. The zero emission all-electric delivery vehicle would primarily be used for urban-suburban pickup and deliveries, which is the ideal application for this commercial electric van.
Modec vehicles, manufactured at the Coventry-based plant, are heralded as the future of urban transport and are designed from the ground up as an electric commercial vehicle. Modec vehicles are operated by high profile companies such as; Global couriers, FedEx and UPS as well as Tesco, the UK’s largest supermarket chain.
The Joint Venture is a world first and symbolizes evolution in the automotive industry toward a zero emission future.
“The all-electric delivery vehicle is a concrete example of what business and government can do when we work together.” said Daniel C. Ustian, Navistar Chairman, President, and CEO. “The future is now with this electric vehicle. In fact, we already have interested customers, including some of the most respected names in the industry.”
Navistar chose to partner with Modec due to purpose-built concept and superior performance of its vehicles.
“Modec is delighted to be finalising a Joint Venture with Navistar,” said Bill Gillespie, Chief Executive of Modec. “The positive impact on Modec and the electric vehicle world will be significant and this is a true sign of evolution in the automotive industry.”
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