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Rivian In Talks With Amazon To End Exclusive Part Of Electric Van Deal – WSJ

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(Reuters) – Electric car maker Rivian Automotive Inc and its largest shareholder, Amazon.com Inc (NASDAQ:

Amazon’s Wall Street Journal reported on Monday, citing people familiar with the matter, that ) is in talks to end the exclusivity portion of its electric van deal.

Online retailer Amazon has placed an order , Electric Delivery Vehicles (EDVs) from the Irvine, California-based electric vehicle manufacturer 10, as part of the company’s plan to reduce carbon emissions. It has accepted deliveries and incorporated EDV into its fleet for more than Millions of packages are delivered by truck. Amazon notified the EV maker that it wanted to buy about , The report adds that this year’s vans are at the lower end of the range it was previously offered to Rivian. Rivian said it will continue to work closely with Amazon. Shares of the electric car maker were down about 3% in premarket trading.

. , but we have always said that in the long run, we want others to benefit from their technology,” an Amazon spokesperson said.

Rivian manufactures and delivers the R1T pickup truck and R1S sport utility vehicle for Amazon.

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