Rivian wants to offer its electric delivery vans to others in the future and is therefore negotiating with Amazon to lift the exclusivity clause that is part of the companies’ deal. The exclusivity clause dates back to 2019 when Amazon agreed with Rivian to purchase 100,000 electric vans by 2030. Amazon has been using the first Rivian electric vans since last year as reported. The online retailer is, of course, well-invested in obtaining electric delivery vehicles to meet its sustainability goals. Last year, Rivian delivered 20,332 electric vehicles, but due to investment costs in scaling up production, its losses increased to $6.75 billion.

Source: Wall Street Journal March 14, 2023 11:46 UTC