Electric Last Mile Solutions, Inc. (NASDAQ: “ELMS” or “ELMSW”) announced Aug. 9 it has set a production schedule this year for its all-electric Urban Delivery van based on customer demand and the overall status of its launch program.
ELMS will begin manufacturing the vans at the end of the third quarter with a set schedule through the end of 2021, said ELMS co-founder and CEO James Taylor in a press release. “Despite the delay in the closing of our merger, impacts from COVID-19 and a number of industry-wide supply chain and logistics challenges, we believe we are on track to produce an estimated 1,000 of our all-electric Urban Delivery vans this year. We are continuing to work hand-in-hand with our supplier and partner community and believe we can seize a first-mover opportunity at scale in the Class 1 commercial EV segment.”
As part of setting its production schedule, ELMS has aligned with suppliers for launch to understand each of their readiness and production capabilities. Last week, the company held an update for strategic suppliers and partners, including Continental, Siemens, CATL, Maersk, Glovis and others.
ELMS has further been working with customers to convert pre-orders to order commitments with allotted allocation schedules. The intended end-customers for the first order commitments include some of the nation’s leading fleet management companies, as well as an on-demand cargo van rental company, FedEx independent contractors and Amazon Delivery Service Partners. In addition, ELMS management believes it is on track for FY 2022 production targets laid out in their business plan.
The Urban Delivery, the anticipated first Class 1 commercial EV in the U.S. market, will be produced at the company’s 675,000 sq. ft. facility in Mishawaka, Ind.