Mon. Dec 6th, 2021

Amazon Electric Transport Startup owns 20 percent of Reven, according to Marked by . As of September 30, the company said the stock was valued at $ 3.8 billion, up from $ 2.7 billion at the end of 2020. It is not surprising that Amazon should own one-fifth of Rivian In 2019, the retailer At Automaker, that total contribution of about $ 440 million.

The same year, it was announced It will buy 100,000 electric delivery cars from Rivian The first of those evils, , Begins to create At the beginning of the year. Amazon expects its 10,000 Rivian EVs to be on the road by the end of 2022.

As you can imagine, this has put pressure on Rivian to deliver for its biggest customer. Per Bloomberg, The company has prioritized van production for Amazon at the expense of its consumer vehicles . The former was due to make its debut in 2020, but following a series of epidemic-related delays, the first customer-ready car was only launched from the company’s normal, Illinois factory. .

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