GM electrifies delivery vehicles

The market for battery- powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it, a move that lifted the automaker’s stock to a multiyear high. The first product for the new venture called BrightDrop will be an electric- powered wheeled pallet that will take goods from the warehouse to trucks and from trucks to destinations. Then GM will roll out a clean electric delivery van. The pallet, named EP1, will go on sale early this year; the EV600 van will be on the roads late in the year, with 500 going to FedEx.