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Tuesday, March 5, 2024
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Rivian's Electric Vans Now Available to All Businesses, Not Just Amazon

EV maker Rivian Automotive Inc (NASDAQ:RIVN) said on Wednesday that its electric delivery vans will now be available for businesses besides online retailer Amazon.com Inc (NASDAQ:AMZN) to purchase.

What Happened: “We have amended our Amazon agreement with terms and conditions, which provide the opportunity to sell commercial vans to other customers, helping more companies reduce their CO2 emissions,” Rivian CEO RJ Scaringe said during the company’s third-quarter earnings call on Wednesday.

Amazon placed an order for 100,000 EDVs from Rivian in 2019. As per the initial contract, Rivian could deliver solely to Amazon for four years after initial deliveries. The California-based EV maker started delivering to Amazon in 2022.

Currently, Amazon has over

Full story available on Benzinga.com


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