GM Bright Drop has opened an electric car factory in Canada
2022.12.05 13:09
GM Bright Drop has opened an electric car factory in Canada
Budrigannews.com – On Monday, the first electric delivery trucks were produced at BrightDrop’s new factory in Canada. The upstart division of General Motors Company (NYSE:) also announced that DHL Express Canada will be its first overseas customer.
Ingersoll, Ontario’s 2 million-square-foot CAMI Assembly plant was transformed by GM into Canada’s first large-scale electric vehicle (EV) factory for BrightDrop Zevo delivery trucks over the course of seven months. The gasoline-powered Chevy Equinox was produced at the facility prior to the switch.
BrightDrop Chief Executive Travis Katz stated that the facility’s opening “is a major step to providing EVs at scale.” By 2025, the facility is anticipated to produce 50,000 Zevo electric vans annually.
Its introduction comes as GM’s quickly developing business EV unit races rivals including Passage Engine (NYSE:) Co, Stellantis, Rivian Automotive Inc., and Arrival for the lead in the market for electric delivery trucks.
Experts stated that BrightDrop’s partnership with GM gives it manufacturing and financial strength that a number of its rival EV startups lack.
BrightDrop sent off in 2021 and is estimate to procure its first $1 billion in quite a while the following year, said Katz, who added that it took Tesla (NASDAQ:) it took a decade to reach the same mark.
150 electric trucks have already been delivered by BrightDrop to package carrier FedEx Corp.
Walmart (NYSE:) is one of its other American clients. Verizon Communications Inc (NYSE:) and the provider of communications
Many other businesses have set goals to eventually replace gas-burning delivery and service vehicles with zero-emission alternatives.
Andrew Williams, CEO of DHL Express Canada, stated that the company’s new partnership with BrightDrop “will help bring us closer to that target.”
