FILE- 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. 7, 2023, that it will allow other companies to purchase its fleet of delivery vans and end its exclusive agreement with Amazon.
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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia 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 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: wjxt4 - 🏆 246. / 63 Read more »
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. Rivian said the decision announced Tuesday provides other companies more opportunity to electrify their delivery fleets and reduce carbon emissions.
Source: AP - 🏆 728. / 51 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 »