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March 13, 2023 10:40 pm
Amazon has introduced over 1,000 new Rivian vans since July 2022, and they are currently delivering packages in over 100 cities across the United States.
Rivian wants to renegotiate the agreement so it can sell its vans to other customers, rather than exclusively to Amazon.
The original deal was for Rivian to sell its electric vans exclusively to Amazon. E-commerce giant Amazon agreed to buy 100,000 vehicles by 2030, as part of an effort by Amazon to lower carbon emissions. Rivian said it continues to work closely with Amazon.
The restructuring of the agreement comes as Amazon has initiated various cost-saving measures. This includes plans to cut 11,000 workers.
https://www.investors.com/news/technology/rivn-stock-rivian-renegotiates-deal-with-amzn/?src=A00220
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