Rivian Automotive a maker of electric vehicles, and Amazon.com Inc., the company’s largest shareholder, are in discussions to end the exclusivity clause in their agreement to sell electric vans.
As part of its efforts to reduce carbon emissions, online retailer Amazon ordered 100,000 electric delivery vans (EDVs) from the EV manufacturer based in Irvine, California, for delivery in 2019. Over 10 million packages have been delivered using the vans since they were added to the fleet and started receiving deliveries.
Amazon informed the EV maker it wanted to buy about 10,000 vans this year, which was at the low end of a range it previously provided Rivian, the report added. Shares of the EV maker fell around 1% in trading before the bell.
Rivian makes and delivers the R1T pickup truck and R1S sport utility vehicle apart from the electric delivery van for Amazon. Rivian and Amazon did not immediately respond to Reuters’ requests for comment.
