GM Launches Electric Delivery Vehicle Business

Following a new logo unveiling that is expected to align with a zero-emissions future, GM recently announced yet another move in the EV space, with the debut of a new business that will offer electric first-to-last-mile delivery.

GM launched a new business called BrightDrop, which will offer electric first-to-last-mile products and software and services for delivery for logistics companies. According to the auto manufacturer, there is a strong market opportunity for such a business, given that urban last-mile delivery is anticipated to expand by 78% within the next ten years, creating a 34% demand increase for delivery vehicles.

One of the first products that BrightDrop will market will be its EP1, which is an electric pallet that will move items over short distances. The EP1 has already undergone a pilot program via a partnership with FedEx Express, and is expected to become available to couriers in early 2022. The electric pallet will allow the company to process 25% more packages per day.

A second product that BrightDrop expects to offer is the EV600, which is an all-electric commercial van that will deliver packages up to a range of 250 miles. GM reveals that the EV600 will boast up to 600 cubic feet in space, and will be powered by the automaker’s Ultium battery system. GM notes that customer interest has been robust, with the first deliveries of the two products expected to take place before the end of the year.


Information for this briefing was found via GM. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Strategic Maritime Resources Purchase

Amex Exploration: Revised Perron PEA Has INSANE Economics

Aris Mining: The Multi Billion Dollar Soto Norte PFS

Recommended

Canadian Copper Secures $8 Million Lead Order From Ocean Partners As Part Of Larger Funding Round

Northern Superior Expands Philibert With 350 Metre Step Out Testing 1.10 g/t Gold Over 25.5 Metres

Related News

Tesla: Canaccord Lowers Target To $812 Off 4680 Cell Delay

Tesla Inc (NASDAQ: TSLA) founder Elon Musk has been in the news quite a bit...

Monday, June 14, 2021, 05:38:00 PM

Fisker Enters Into EV Partnership with Apple Supplier Foxxconn

Fisker, the electric vehicle start-up company, has seen its share price rally by more than...

Thursday, February 25, 2021, 09:13:00 AM

Global Impact of China’s Lithium Battery Price Drop: What It Means for the Future of EVs

Prices for lithium-ion batteries in China are plummeting, marking a significant turning point for the...

Thursday, July 11, 2024, 08:01:00 AM

EV Start-Up Canoo Jumps Nearly 14% Following Announcement of New Electric Pickup

Shares of Canoo, the US-based electric vehicle start-up, rose by as much as 14% during...

Friday, June 18, 2021, 05:14:00 PM

Amendment to Giant U.S. Budget Reconciliation Bill is a Negative for Electric Vehicle Industry

On August 11, the U.S. Senate, by a 51-48 margin, passed an amendment to the...

Monday, August 16, 2021, 10:22:00 AM