Back in the day, former top executives at European automakers tended to close out their careers running supplier companies. Now, they all seem to want to go to electric vehicle startups in the U.S.
In April, Evelozcity announced that former Opel CEO Karl-Thomas Neumann will join the U.S. EV company. Neumann, who is reported to be investing in the startup, left Opel last year after General Motors sold the German automaker to PSA Group. At Evelozcity, he'll oversee mobility concepts including connected-car technology, branding and marketing, customer experience, blockchain strategy and the European market.
Evelozcity is developing a car aimed at the mass market, a delivery van and an autonomous ride-hailing vehicle. They will be underpinned by a "skateboard" architecture that will house the battery and drivetrain. The company aims to bring its first vehicle to market in the U.S. by 2021 and eventually will expand sales to Europe and China.
Evelozcity, of Los Angeles, was set up in December. It employs former BMW finance chief Stefan Krause, ex-BMW technology manager Ulrich Kranz and former BMW designer Richard Kim. Kranz and Kim were involved in the development of BMW's electric i subbrand.