DETROIT - General Motors Co shares jumped on Tuesday to their highest level since the company’s post-bankruptcy IPO in 2010, as the automaker announced its entry into the growing electric delivery vehicle business.
The new BrightDrop delivery business will put GM squarely in competition in the commercial sector with cross-town rival Ford Motor Co, as well as startups such as Rivian, Arrival and Canoo that are developing electric commercial vehicles for customers ranging from Amazon to Hyundai Motor. The BrightDrop EV600 will use a version of GM’s Ultium battery system that will power many of the company’s future electric vehicles, including the Hummer EV pickup and the Cadillac Lyriq crossover.As part of Barra’s presentation, GM design chief Mike Simcoe hosted a virtual unveiling of two battery-powered Cadillac concepts: A flying car and a boxy shuttle with sliding doors. Simcoe said Cadillac also is working on a luxury electric two-seater.
A source familiar with details of the EV600 said it will share basic underbody architecture with the Hummer EV and a variety of other large GM trucks and SUVs that will hit the market over the next three years.
Hi , Welcome ! Will be with You in short while . I, Thank You .