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<blockquote data-quote="Weather Man" data-source="post: 16674142" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3745451-general-motors-commercial-ev-segment-adds-second-van-secures-verizon-as-first-customer" target="_blank"></a></p><p><a href="https://seekingalpha.com/news/3745451-general-motors-commercial-ev-segment-adds-second-van-secures-verizon-as-first-customer" target="_blank">General Motors commercial EV segment adds second van, secures Verizon as first customer</a></p><p><img src="https://www.gobrightdrop.com/_next/image?url=%2Fnewsroom%2FEV410_Profile_1920w-2.jpg&w=3840&q=75" alt="" class="fr-fic fr-dii fr-draggable " style="" /></p><ul> <li data-xf-list-type="ul">General Motors' (<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a> -0.1%) electric commercial vehicle company BrightDrop will <a href="https://www.gobrightdrop.com/newsroom/brightdrop-completes-record-setting-build-of-first-electric-light-commercial-vehicle" target="_blank">add</a> a second smaller delivery van as an option in 2023 and has secured Verizon (<a href="https://seekingalpha.com/symbol/VZ" target="_blank">VZ</a> -0.7%) as its first customer.</li> <li data-xf-list-type="ul">BrightDrop has already built production models of its initial van with 600 cubic feet of storage, the EV600, and expects to deliver them to FedEx (<a href="https://seekingalpha.com/symbol/FDX" target="_blank">FDX</a> -1.9%) and fleet management company Merchants Fleet later this year. The new van, named the EV410 for its storage capacity, will come with the majority of features included in the larger version.</li> <li data-xf-list-type="ul">Verizon plans to use the EV410 in its field and maintenance plant, but the models won't be ready until 2023 after GM has invested over $800M to convert a Canadian plant to support electric manufacturing. GM declined to share preorder volumes for the EV410.</li> <li data-xf-list-type="ul">GM has said it will also introduce a commercial medium-duty truck and a full-sized van sometime in the future. The BrightDrop vehicles use GM's Ultium battery platform, which will power the company's new lineup of EVs and replace the <a href="https://seekingalpha.com/news/3734609-gm-to-continue-partnership-with-lg-but-has-multiple-battery-choices" target="_blank">battery that caused problems in the Chevrolet Bolt.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16674142, member: 137766"] [URL='https://seekingalpha.com/news/3745451-general-motors-commercial-ev-segment-adds-second-van-secures-verizon-as-first-customer'] General Motors commercial EV segment adds second van, secures Verizon as first customer[/URL] [IMG]https://www.gobrightdrop.com/_next/image?url=%2Fnewsroom%2FEV410_Profile_1920w-2.jpg&w=3840&q=75[/IMG] [LIST] [*]General Motors' ([URL='https://seekingalpha.com/symbol/GM']GM[/URL] -0.1%) electric commercial vehicle company BrightDrop will [URL='https://www.gobrightdrop.com/newsroom/brightdrop-completes-record-setting-build-of-first-electric-light-commercial-vehicle']add[/URL] a second smaller delivery van as an option in 2023 and has secured Verizon ([URL='https://seekingalpha.com/symbol/VZ']VZ[/URL] -0.7%) as its first customer. [*]BrightDrop has already built production models of its initial van with 600 cubic feet of storage, the EV600, and expects to deliver them to FedEx ([URL='https://seekingalpha.com/symbol/FDX']FDX[/URL] -1.9%) and fleet management company Merchants Fleet later this year. The new van, named the EV410 for its storage capacity, will come with the majority of features included in the larger version. [*]Verizon plans to use the EV410 in its field and maintenance plant, but the models won't be ready until 2023 after GM has invested over $800M to convert a Canadian plant to support electric manufacturing. GM declined to share preorder volumes for the EV410. [*]GM has said it will also introduce a commercial medium-duty truck and a full-sized van sometime in the future. The BrightDrop vehicles use GM's Ultium battery platform, which will power the company's new lineup of EVs and replace the [URL='https://seekingalpha.com/news/3734609-gm-to-continue-partnership-with-lg-but-has-multiple-battery-choices']battery that caused problems in the Chevrolet Bolt.[/URL] [/LIST] [/QUOTE]
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