GM to Spin Out Electric Delivery Arm
The automaker will start selling electric pallets and delivery vans this year
GM
• less than 3 min read
On Day 2 of consumer tech show CES, GM launched the next phase of Operation Beat Tesla: an electric delivery and logistics arm, BrightDrop. This year, BrightDrop will roll out...
- EP1: an electric pallet that lugs packages from warehouses to delivery vans and delivery vans to your doorstep.
- EV600: an electric delivery van with a 250-mile range. The first vehicles should be delivered by the end of 2021, with 500 destined for a FedEx route near you.
- BrightDrop will also offer delivery software and services, including location tracking, remote lock, and predictive maintenance.
The announcement revved investors and sent GM shares up as much as 8.8% to a record high.
Zoom out: GM's in the middle of a $27 billion pivot to electric vehicles and plans on unveiling 30 new models by 2025. In the delivery market, it's now competing with Mercedes-Benz, Ford, and buzzy startups including Rivian (which is working with Amazon), Deliver-E, and Canoo.
One more thing...GM is preparing for our Jetsons future with this Cadillac-branded electric air taxi.
GM
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