Business News
  • Latest
  • Finance
  • Market
  • News
  • Innovation
  • Tech
  • Cryptocurrency
  • Financial Advice
No Result
View All Result
Business News
  • Latest
  • Finance
  • Market
  • News
  • Innovation
  • Tech
  • Cryptocurrency
  • Financial Advice
No Result
View All Result
Business News
No Result
View All Result

GM delivers EVs that others have trouble bringing to market

by Brian Neeley
June 22, 2022
in Market
GM delivers EVs that others have trouble bringing to market

Electric vehicle manufacturers have faced difficulties in manufacturing and distributing their products to consumers in recent months.

Manufacturers of EVs blame global supply chain constraints, scarce availability of semiconductors, Covid-related factory closures in China, financial difficulties and even bankruptcy for delays in market deliveries of their vehicles.

Electric Last Mile Solutions, which had planned to deliver commercial electric delivery vans and even claimed purchase orders for 50 vans pending, slammed the brakes on June 12 for liquidating its assets. Filed for Chapter 7 bankruptcy.

Tesla rival Rivian (RIVN) – Rivian Automotive Inc. Receive reports, backed by Amazon (AMZN) – Amazon.com Inc. GET REPORTS AND FORD (F) — Get reports Ford Motor Co., lost 7% of the value of its stock on May 16 after announcing that Amazon may be delaying orders for electric delivery vans due to issues with a supplier , dot.LA reported.

Rivian has orders to deliver 100,000 EV commercial vans to Amazon by 2030, with 10,000 to be delivered by the end of 2022. The company has said that it will produce 25,000 EVs in 2022. It produced 1,015 in 2021.

Rivian was founded in 2009 and went public in 2021. From its factory in Normal, Okla., the carmaker produces three vehicles: the R1T electric pickup, the R1S electric SUV, and the RCV electric commercial van.

brightdrop

scroll to continue

GM makes first delivery of 2,500-vehicle order

General Motors’ (GM) – General Motors Company Get Report Electric vehicle affiliate Brightdrop is on the bright side of the road when it comes to providing electric delivery vehicles to its customers, including FedEx (fdx) – Receive FedEx Corporation reports.

Brightdrop said on June 21 that it delivered its first 150 Zevo 600 electric vehicles to FedEx in its mission to convert its entire parcel pickup and delivery fleet to all-electric, zero tailpipe emissions by 2040, according to a FedEx statement. GM said Brightdrop’s commercialization of the Zevo 600 was the fastest vehicle on the market in its history.

The first Zevo 600s from FedEx were delivered throughout Southern California to FedEx Express, one of the largest express transportation companies in the world. The Zevo 600 is powered by GM’s Altium platform and is designed for last-mile delivery, with an estimated range of up to 250 miles on a full charge. The first delivery of 150 vehicles is part of a larger agreement between FedEx and BrightDrop, with FedEx purchasing a total of 2,500 Zevo 600s in FedEx operations over the next few years.

“This shows how BrightDrop is delivering sustainable solutions to customers at scale today, and we couldn’t be happier to be a part of FedEx’s sustainability journey,” said Travis Katz, President and CEO of BrightDrop. “Our Zevo 600 has been a record-setting vehicle since its inception. From record-setting time to market, to delivering one of the largest fleets of electric delivery vans on the road today, Brightdrop is showing the world that What does sustainable delivery look like.”

fedex

setting up 500 charging stations

In conjunction with FedEx’s electric delivery van purchase, the company is building out the charging infrastructure at its network facilities and has installed 500 charging stations across California.

“At FedEx, we have ambitious sustainability goals, and our phased approach to vehicle electrification is an important part of our roadmap to achieve carbon neutral global operations,” FedEx Chief Sustainability Officer Mitch Jackson said in the statement. “In just six months, we have taken deliveries of 150 Brightdrop Zevo 600s for our parcel pickup and delivery fleet. In today’s environment of chip shortages and supply chain issues, this is no ordinary feat and a true testament to the collaboration between FedEx and BrightDrop. ,

Source

Also read:

IKEA reopens for online fire sale in Russia before exiting the market

Crypto lender Wold becomes latest market casualty to suspend withdrawals

Share4Tweet3Pin1

Related News

IKEA reopens for online fire sale in Russia before exiting the market

IKEA reopens for online fire sale in Russia before exiting the market

July 5, 2022
Crypto lender Wold becomes latest market casualty to suspend withdrawals

Crypto lender Wold becomes latest market casualty to suspend withdrawals

July 5, 2022
France’s Spotify rival Deezer lost ground in its stock market debut

France’s Spotify rival Deezer lost ground in its stock market debut

July 5, 2022
Tesla’s ‘self-driving’ Autopilot almost sends driver to oncoming tram

Tesla’s ‘self-driving’ Autopilot almost sends driver to oncoming tram

July 5, 2022

Featured News

  • China’s self-styled godman Warren Buffett is plagued by Fosun’s  billion debt

    China’s self-styled godman Warren Buffett is plagued by Fosun’s $40 billion debt

    68 shares
    Share 27 Tweet 17
  • Lazard Summer Intern, Woman Hit by NYC Metro Was NYU Student

    47 shares
    Share 19 Tweet 12
  • I bought a laundromat and earned $24,000 a month in revenue on top of my second job. Here’s how I set up this mostly passive second income stream.

    75 shares
    Share 30 Tweet 19
  • Goldman says investors are missing out on ‘rapid’ growth in chip stocks – and gives 2 more than 70% upside

    34 shares
    Share 14 Tweet 9
  • We sold our Toronto home to be mortgage-free, and returned to the city’s red-hot real estate market

    25 shares
    Share 10 Tweet 6
  • Privacy Policy
  • Disclaimer
  • Terms and Conditions
  • About Us
  • DMCA

© 2022 biz.crast.net - The latest Business and financial news.

No Result
View All Result
  • Latest
  • Finance
  • Market
  • News
  • Innovation
  • Tech
  • Cryptocurrency
  • Financial Advice

© 2022 biz.crast.net - The latest Business and financial news.