Ukraine Sanctions Chief Heads to Washington to Push Russia Bill 
Google Changes EU Spam Policy Amid Antitrust Scrutiny 
Global Markets Brace for Fed Rate Hike as Oil Tops $91 
The Realist’s Case: Lukas Kerrebijn of RD Dubai on the Narrative Dubai’s Agents Won’t Question 
SpaceX Mobile Network Could Cost Up to $130 Billion, Bernstein Says 
Asian Currencies Weaken as Dollar Rises, Kiwi Slides After RBNZ Hike 
South Korea Inflation Rises to 3.1% in August 
US Strikes Iran IRGC Targets as Conflict Escalates 
Bank of England Sees Surge in Higher-Risk Collateral 
Oil Prices Rise as U.S.-Iran Fighting Fuels Supply Fears 
Faraday Future Delivers First Robots in Middle East, Plans September Launches 
Star Entertainment Shares Fall After A$307 Million FY2026 Loss 
Asian Tech Stocks Slide as Fed Rate Hike Bets Rise 
Australia Current Account Deficit Widens to A$27.2 Billion 
South Korea Unveils Record $597 Billion 2027 Budget to Boost AI and Chips 
Asian Stocks Tumble as Oil Surge Fuels Rate Hike Fears 
France Targets Shein, Temu With Fast-Fashion Fees 
Add as a preferred source on Google
General Motors delivered 150 units of electric delivery vans to FedEx, and this was announced this week. The Detroit, Michigan-headquartered automaker shared that the transport and courier company received its BrightDrop brand electric vans, and more will be delivered in the future.
As per CNN Business, General Motors and FedEx previously announced that they have signed a deal for the latter's purchase of 2,500 BrightDrop electric delivery vans, and the second shipment will be completed this month. There is also a negotiation for an order of another 20,000 units, but the decision for this is still pending.
FedEx will be using 2,500 BrightDrop Zevo 600 for its operations across the country over the next few years. The second delivery comes several months after General Motors handed over just five units in December. Thus, this order fulfillment served as BrightDrop's first sizable delivery of its electric vans.
It was mentioned that Walmart has also made a deal with GM's BrightDrop to use the same electric delivery vans for its operations. The demand for electric vans from major companies is raising the competition for its production from some automakers, with the exception of Tesla, which is sticking to the manufacturing of cars.
"At FedEx, we have ambitious sustainability goals, and our phased approach to vehicle electrification is a crucial part of our roadmap to achieve carbon-neutral global operations," FedEx's chief sustainability officer, Mitch Jackson, said in a press release.
He went on to say, "In just under six months, we've taken delivery of 150 BrightDrop Zevo 600s for our parcel pickup and delivery fleet. In today's climate of chip shortages and supply chain issues, that's no ordinary feat and a true testament to the collaboration between FedEx and BrightDrop."
Meanwhile, Fox Business reported that GM's BrightDrop Zevo 600 can travel at the range of up to 250 miles if fully charged. It can carry up to 2,200 pounds of payloads that FedEx can deliver to its customers.
It was revealed that BrightDrop is also planning to make another version of the van which will be called the Zevo 400 van. This is the smaller version of the BrighDrop Zevo 600 and is ideal for more frequent deliveries. It is expected to be introduced in the last quarter of 2023.
