Smith Electric Vehicles Corp. — Cyborg Score 2/10

Challenged
Electric Vehicle Manufacturing / Commercial Vehicles

Strategic Profile

Smith was a manufacturer of the world's largest range of zero-emission commercial electric vehicles, with gross vehicle weights (GVWs) from 3,500 to 12,000 kilograms. From 2010 to 2015, the company produced over 800 commercial electric fleet vehicles.

Cyborg Score Rationale

The company ceased all operations in 2017 and is defunct. Despite early promise with major corporate customers and government grants, it failed to achieve profitability or sustainable operations.

Top Insights

  • (2009) Relocated US operations to Kansas City with plans for commercial electric vehicle assembly
  • (2010) Produced over 800 commercial electric vehicles through 2015, serving major corporate customers including Coca-Cola, Frito-Lay, AT&T, and Staples
  • (2015) Suspended manufacturing operations due to inability to achieve profitability at production volumes
  • (February 2017) Ceased all operations due to lack of funding

Named Competitors

  • Tesla Semi — Electric heavy-duty trucks
  • Workhorse — Electric commercial vehicles

Recent Developments

  • (2017) Ceased operations

Open the full interactive Smith Electric Vehicles Corp. report

Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.

Open report →