General Motors announced Tuesday it will be spinning out a new delivery and logistics business called BrightDrop, the first products of which will be an electrified pallet and delivery van. Both vehicles, which will be powered by GM’s Ultium battery platform, are slated for release this year.
The announcement of the new logistics business comes as GM is undergoing a massive, $27 billion pivot to the business of designing and manufacturing electric vehicles. For example, the company, which is the largest automaker in North America, just unveiled a new logo as part of an overall brand redesign. GM has been nipping at the heels of Tesla and other EV makers as it attempts to convince its investors that it has a firm grasp on the future of…