Rivian to end exclusivity with Amazon, allow other companies to buy its electric vans

‘The city is not going to pay’: City leaders demand Westside apartment complex pay back money spent to keep units safeThere’s not much time left to get this full leg massager at a discounted priceFILE- An driver drives a Rivian electric van as packages are delivered for Amazon Prime, Friday, Aug. 4, 2023, in Thornton, Colo. Electric vehicle maker Rivian said Tuesday, Nov.

In an announcement made alongside its third quarter earnings, the Irvine, California-based car maker said the decision provides other companies more opportunity to electrify their delivery fleets and reduce carbon emissions. The agreement with Amazon, made in 2019, included provisions that barred Rivian from selling commercial vans to other customers and provided Amazon exclusive access to the vans for four years from when it began receiving the EVs.

Rivian reiterated its pledge to help Amazon put 100,000 electric vehicles on the road by 2030. Amazon says it's rolled out more than 10,000 so far.“This has been part of our plan with Rivian from the beginning – we’ve always said that we want others to benefit from their technology in the long run because having more electric delivery vehicles on the road is good for our communities and our planet," said Udit Madan, vice president of transportation at Amazon, in a statement.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rivian to end exclusivity with Amazon, allow other companies to buy its electric vansElectric vehicle maker Rivian says it will allow other companies to purchase its delivery vans, ending its exclusive agreement with Amazon.
Source: ksatnews - 🏆 442. / 53 Read more »

Rivian Reports Earnings Today. What to Expect.Wall Street is looking for a per-share loss of $1.31 from sales of $1.3 billion, according to Bloomberg. Rivian reported a $1.08 loss from sales of $1.1...
Source: MarketWatch - 🏆 3. / 97 Read more »

Rivian earnings: What to expect from the EV maker struggling to become profitableRivian’s stock has lost 6% this year; cash burn in focus.
Source: MarketWatch - 🏆 3. / 97 Read more »

Rivian beats third-quarter consensus, but RIVN stock gives up early post-market gainRivian (RIVN) reported third-quarter results that largely overcame dour Wall Street expectations late Tuesday.
Source: FXStreetNews - 🏆 14. / 72 Read more »