Walmart and FedEx agree with GM on thousands of new BrightDrop electric trucks

A plan by Walmart and FedEx was unveiled on Wednesday, according to which the two companies intend to add to their giant vehicle fleets thousands of new electric vehicles, which have been produced by General Motors.

According to the two companies, Walmart has agreed with the Detroit-based automaker to buy 5,000 BrightDrop vans, while FedEx, GM’s first customer, plans to buy 500 vehicles in the first quarter with the prospect of buying 2,000 more in the next few years. years.

That order could potentially increase to 20,000 electric trucks, according to Richard Smith, FedEx America’s regional president.

BrightDrop, a subsidiary of GM, now has 25,000 confirmed bookings for its trucks, BrightDrop CEO Travis Katz told CNBC. He said GM expects to complete the initial order of 500 FedEx trucks this year, with deliveries to Walmart from 2023 onwards.

The increase in bookings comes as GM and others rush to launch new electric vehicles for corporate customers such as Walmart, FedEx and Amazon that deliver directly to consumers.

Amazon has entered into an agreement with new company EV Rivian Automotive to produce 100,000 electric delivery vehicles by 2030, with 10,000 of them to be on sale by the end of this year. The retail giant has a 20% stake in Rivian.

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Source From: Capital

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