Rivian Vans Delivered Over 75M Packages For Amazon In Less Than A Year

Benzinga2023-05-03

Electric vehicle company Rivian Automotive Inc’s Electric Delivery Vehicles (EDV) delivered over 75 million packages for e-commerce giant Amazon.com Inc.What Happened: Rivian EDVs are deployed in more...

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Norway Heng
2023-05-03
Norway Heng
Good 👍🏼

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Amazon commenced delivering packages in trucks in July.“I regularly get notes from drivers who love the ease of operation, comfort, and advanced technologies the EDV provides,” Scaringe said in the letter.Why It Matters: Under the 2019 agreement, Rivian can sell its EDVs only to Amazon until the fourth anniversary of the initial delivery date.However, the Wall Street Journal reported in March that the two companies are renegotiating the exclusivity part of their agreement after Amazon ordered merely 10,000 vans for the year — 10,000 is at the lower end of the range stated by Amazon, the report added.Meanwhile, Rivian is ramping up production in a bid to achieve profitability. The EV maker is on track to meet its production guidance of 50,000 vehicles in 2023, the CEO said.","kind":"news","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9947645455,"gmtCreate":1683120177778,"gmtModify":1683120181720,"author":{"id":"3566203796333803","authorId":"3566203796333803","name":"Norway Heng","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3566203796333803","idStr":"3566203796333803"},"htmlText":"Good 👍🏼&nbsp;","listText":"Good 👍🏼&nbsp;","text":"Good 👍🏼","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9947645455","repostId":1163001562,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":20,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1163001562"}