The commercial electric delivery van market developed much slower than expected with the plant operating below capacity and production suspended since May 2025. A changing regulatory environment and the elimination of tax credits in the United States have made the business even more challenging. The decision is part of broader adjustments the company is making to North America EV capacity.

<p>The commercial electric delivery van market developed much slower than expected with the plant operating below capacity and production suspended since May 2025. A changing regulatory environment and the elimination of tax credits in the United States have made the business even more challenging. The decision is part of broader adjustments the company is making to North America EV capacity.</p>