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Rivian van are no longer an Amazon exclusive .
The automaker said on Tuesday that it will now allow other company bribe its commercial galvanizing vans , ending an exclusivity great deal that Amazon secured when it pumped more than a billion dollars intoRivianin 2019 . Both companies ’ stock Price rose following the announcement , which they clock withRivian ’s third - tail salary report .
Rivian was in talk with Amazon back in March tostrip out their exclusivity clause ahead of meter . The original exclusivity organisation was do to finish after Rivian delivered a total of 100,000 galvanic vans , sometime before the death of the decade . Rivian pronounce during its investor call that it still plan to come through on Amazon ’s goal .
“ We ’ve been cultivate on the exclusivity agreement with Amazon for a while , ” say Rivian CEO RJ Scaringe on Tuesday during an investor call . “ With that , we ’ve been building relationships with a various set of commercial operator , and that ’s everything from last - international mile to retail . ”
Amazon brag in October that it had10,000 Rivian - built van on roads , meeting a 2023 sales doorway set by the company . That may fathom like a whole lot of vans , and it is , but the retail giant ’s 10,000 van orders were reportedly “ on the low remnant of a range Amazon had communicated earlier to the motorcar maker , ” TheWall Street Journalwrote in March . Hence , the talk to call the exclusivity accord ahead of time .
“ We ’ve always say that we want others to benefit from [ Rivian ’s ] technology in the longsighted test because have more galvanic delivery vehicle on the road is good for our community and our planet , ” said Amazon transportation honcho Udit Madan in a prepared statement . Of naturally , whatever ’s skilful for Rivian is also unspoiled for Amazon ; the retail merchant have a 17 % stake in the EV maker .
Amazon ’s total ( owned and leased ) fleet is enormous , sweep manytens of thousands of semi - trucks and vansandaround a hundred planer .
