Sep 08, 2022 / 06:15PM GMT
Christopher Patrick McNally - Evercore ISI Institutional Equities, Research Division - Senior MD
Well, welcome, everyone, to one of the last sessions of, actually, of the day, but we're leaving really the best for last. So I wanted to welcome to the stage, Travis Katz, CEO of GM's BrightDrop. Travis, first, thank you so much for presenting for the first time.
For those of you who may not be familiar now, BrightDrop produces and sells electric delivery vans and last-mile delivery logistics for GM. And it's one of the few comps to someone like Rivian's commercial van and Ford's successful transit model.
The vans already have 25,000 in terms of an order book, including 2,500 from large players like FedEx; 5,000 from Walmart; 18,000 from Merchant Fleet, and really sort of looking to benefit from building off the valley of inertia like we like to talk about as a team in EV van uptake over the next coming years.
GM forecasts $10 billion plus in revenue and 20% margins in 2030 for BrightDrop and quotes extremely impressive cost of ownership benefits, we'll get to that, for zero
General Motors Co at Evercore TMT Conference Transcript
Jan 23, 2024
Already have an account? Log in
Get the full story
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent 
4.6 out of 5 
Trustpilot
Trustpilot
Survey
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
Follow Us
Disclaimers