Rivian – A News Week

Amazon has ordered 100,000 all-electric delivery vans from American startup Rivian, recommending the retail giant means to own a greater amount of the logistics network that makes in excess of 5 billion deliveries every year. The move is a noteworthy boon to Rivian, a youthful, Tesla-like automaker that doesn't plan to make its first-generation vehicle until late one year from now. At its Michigan headquarters, Rivian is custom-designing the vans’ exterior, interior, suspension, and software for Amazon, a representative for the automaker says. Amazon will deploy the vans internationally, in left-and right-hand drive setups. Rivian will assemble them at its plant in Normal, Illinois; it means to deliver the first Amazon vans by 2021 and to deliver 10,000 by late 2022. In a press release,...

Amazon and General Motors are in discusses to invest into Rivian Automotive LLC in a deal that would esteem the U.S. electric pickup truck maker at between $1 billion and $2 billion, individuals comfortable with the issue said on Tuesday. The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. It would be a noteworthy boost for the Plymouth, Michigan-based startup, which tries to be the first car producer to the U.S. customer market with an electric pickup. In the event that the negotiations conclude effectively, a deal could be reported as right on time as this month, the sources stated, asking not to be distinguished on the grounds that the issue is private. There is dependably an opportunity that bargain talks fall through, the sources advised...

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Amazon places a charge into startup automaker Rivian

Amazon and General Motors are in discusses to invest into Tesla competing Rivian