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Tag Archives: BrightDrop
GM Raises 2022 Earnings, Offers 2023-25 Performance Goals
General Motors Co. (NYSE: GM) at its annual investors’ meeting in New York City significantly raised its 2022 financial results predictions. GM now projects full-year 2022 adjusted automotive free cash flow will increase to $10-11 billion from its previous guidance of $7-9 billion. GM now projects 2022 EBIT-adjusted for the full year will be in a range of $13.5-14.5 billion, compared to its previous guidance of $13-15 billion. Continue reading
GM CAMI – Becoming Canada’s First Full-Scale EV Plant
By September, the GM team will have prepped the building and installed the new BrightDrop production equipment. CAMI expects to begin returning employees in October for training on the new line. The first BrightDrop Zevo 600 is planned to roll off the line at CAMI in before the end of the year. Continue reading
GM’s Ultium Charge 360 Fleet Customers Can Now Access Preferred Electric Vehicle Charging Providers
The Ultium Charge 360 fleet service “will be one of the industry’s most holistic solutions offering, where available.” In addition, Ultium Charge’s approach will help to enable support for home charging and provide drivers access to more than 60,000 public places to charge while en route. As part of the solution, GM is working with preferred providers, including four depot infrastructure providers – eTransEnergy, a Duke Energy company; EVgo; In-Charge Energy; and Schneider Electric. Continue reading
BrightDrop? New GM Business Will Electrify, Improve Goods and Services Delivery
BrightDrop introduces GM’s Ultium platform to the commercial vehicle segment and has Level 2 and DC fast charging capabilities. FedEx Express will be the first customer of BrightDrop. An EP1 pilot program has been completed in partnership with FedEx Express. During the pilot, FedEx Express couriers were able to handle 25% more packages effectively and safely per day with the EP1s. FedEx couriers said that the EP1s were easy to maneuver and reduced physical strain. Continue reading
Posted in milestones, mobility company, news analysis, transportation
Tagged auto industry commentary, autoinformed, autoinformed.com, BrightDrop, FedEx, Ken Zino
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GM BrightDrop Expands to Canada with Ingersoll EV Plant
With taxpayer-financed support from both Canadian governments, GM has retooled the CAMI Assembly plant become the new global manufacturing home of BrightDrop’s fully electric delivery vans starting with the BrightDrop Zevo 600 electric delivery van. CAMI expects to produce 50,000 Zevo vans annually by 2025. Scaled production is expected to begin with Zevo 600 models in January 2023 and Zevo 400 models in late 2023. In the US, BrightDrop completed delivery of the first Zevo 600s to FedEx last year. Continue reading →