SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 254.06+4.0%Nov 3 3:59 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: Sr K3/13/2023 10:16:26 AM
   of 164684
 
Amazon, Rivian in Talks to End Exclusivity Part of Delivery-Van Pact

EV maker seeks to sell to others after order is at low end of range

The Amazon electric delivery van is one of the three vehicles Rivian builds at its Normal, Ill., factory.PHOTO: JAMIE KELTER DAVIS/BLOOMBERG NEWS

By Sean McLain

, Dana Mattioli

and Nora Eckert

Updated March 13, 2023 9:59 am ET

SHARE

Listen to article

(2 minutes)

Amazon.com Inc. and Rivian Automotive Inc. are in talks to scrap the exclusivity part of their electric-van deal, allowing the auto maker to sell to others, after the technology giant’s order for 2023, according to people familiar with the matter.

Under terms of a 2019 agreement, Rivian is required to sell all of the vans it makes to Amazon. In recent months, Amazon notified Rivian that it wanted to buy about 10,000 vans this year, which was at the low end of a range it previously provided the auto maker, the people said.

Exc,
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext