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Rivian Commercial VansTheStreet
•Technology
Technology
74% Informative
Tesla rival Rivian inked a deal with Amazon that saw the EV maker branch out into the realm of commercial vehicles.
Amazon agreed to buy 100,000 electric vans as part of a $1 billion investment in Rivian .
Amazon only acquired around 20,000 vans from Rivian from the company in November 2023 .
In December 2023 , Rivian secured a deal to supply AT&T with a fleet of electric vans.
Amazon has been one of Rivian 's largest investors, as it owns around 16% of the company's shares.
Rivian Automotive, Inc. is listed on the NASDAQ as (RIVN) The high praise from Amazon drivers could be likely due to having Rivian as a very close partner.
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