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Reading: Amazon started package deliveries with Rivian-built EVs, an obvious aid for Rivian to advance in EV industry
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EV-a2z > News > Amazon started package deliveries with Rivian-built EVs, an obvious aid for Rivian to advance in EV industry
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Amazon started package deliveries with Rivian-built EVs, an obvious aid for Rivian to advance in EV industry

admin
Last updated: 2022/09/09 at 1:21 AM
admin Published August 30, 2022 2 Min Read
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2 Min Read
Rivian is new electric vehicle shown at the New York International Auto Show 2019, at the Jacob Javits Center
Rivian is new electric vehicle shown at the New York International Auto Show 2019, at the Jacob Javits Center
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Rivian Automotive, the new automotive technology company attempts to compete with Tesla with its outdoor adventure trucks and SUVs. Suspensefully, its alliance with Amazon to develop 100,000 electric delivery vans could help it succeed.

CNBC: How Amazon is Giving #Rivian an Edge in the EV Industry https://t.co/6b9fBO0LnS pic.twitter.com/5eDSaFyr5G

— RivianForums.com (@Rivianforum_) August 28, 2022

CNBC reports that Rivian Automotive was established in 2009 and that it specializes in high-end electric trucks and SUVs with a focus on outdoor adventures. They are referred to as the “Patagonia of electric automobiles” by John Rosevear of CNBC.

In hindsight, Rivian’s first vehicle, the R1T electric truck, had only been launched at the end of the previous year. Since then, it has been striving to increase production.

From tackling the Andes to #FOS, the @Rivian R1T is the go-anywhere electric truck.

📸: Joseph Harding pic.twitter.com/rOTPCPeuOc

— Goodwood Road & Racing (@GoodwoodRRC) June 26, 2022

Later this year, the shipment of its SUV R1S is anticipated to begin.

Check Out This @Rivian R1T Electric Truck & R1S SUV Family Photohttps://t.co/Hf1f22ZY57 pic.twitter.com/0AiWN6yGMj

— InsideEVs (@InsideEVs) February 7, 2019

Rivian has made some significant advancements considering how recently it entered the electric vehicle industry. With $700 million from Amazon in 2019 and $500 million from Ford a few months later, Rivian has received significant financial support. At first, Rivian and Ford wanted to build a vehicle together under a joint venture, but they eventually dropped those plans.

Nonetheless, the partnership with Amazon has advanced with the purchase of 100,000 electric delivery vans, a notable step toward its goal of electrifying its last-mile fleet by 2040.

The bug-eye EV commercial van invasion intensifies. Spotted seven of the @Rivian trucks today. #LMD #LastMile #AmazonHub #Amazon pic.twitter.com/BB3mOkwr3F

— Tom Appel ™ (@Car_Guy_Tom) August 20, 2022

In November 2021, Rivian made one of the biggest initial public offerings (IPOs) in US history. However, the unstable economy has overshadowed its tremendous developments. Luckily for the company, Amazon seems to be constantly providing them an edge in the market.

“When Amazon invested in them…but more importantly, put a commitment to buy all of those vehicles from them, they changed the market dynamic around that company,” said Mike Ramsey, an auto and smart mobility analyst at Gartner.

Rivian and Amazon unveiled the first of the electric vans last month and started to deliver packages in several cities, including Seattle, Baltimore, Chicago, and Phoenix.

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TAGGED: Amazon, Electric Vehicle, EV, Rivian, Tesla, USA
admin September 9, 2022 September 9, 2022
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