Per Reuters
Amazon ordered 100,000 vehicles from Rivian in 2019 and expects them to be part of its global fleet by 2030
7/6/2023
In 2019, Amazon made a huge order to buy 100,000 vehicles from Rivian, and so far, the company has only been able to launch a few EVs. The electric vans which were ordered are now being deployed in Germany.
More specifically, the electric vans will be deployed in Munich, Berlin, and Dusseldorf regions. The 300 electric vans are going to hit the road in the next few weeks.
Amazon is one of the biggest investors in Rivian, and as for the vans they'll use, the US variant to the EVs will be shorter and thinner compared to the ones used in Europe.
So far, Amazon has already committed over $1.1 billion to upgrade its current Europe fleet to electric ones. So far, the company already has over 3,000 vans in the US, getting it closer to its 100,000 Rivian vehicle goal by 2030.
Recently, Rivian became the latest company to adopt the Tesla charging standard, the North American Charging Standard (NACS). The company would then follow other major automobile giants like Ford and GM.
Rivian also recently had a small win as the EV company exceeded its Q2 estimates by delivering 12,640 vehicles compared to the expected 11,298. This resulted in the company's shares increasing by 9% during premarket trading.
See flow at unusualwhales.com/flow.
Other News:
- Rivian to adopt Tesla charging, joining Ford and GM
- Rivian exceeds Q2 estimates by delivering 12,640 vehicles compared to the expected 11,298
Resources:
FEATURED NEWS
Trump to invoke wartime Alien Enemies Act of 1798 to carry out deportations
3/13/2025 Trump's first month in office showed federal spending of $603 billion in February — $36 billion...
3/13/2025 US Postal Service: We plan to reduce workforce by 10,000 employees in next 30 days through a vo...
3/13/2025 Trump: We are going to make a deal for Greenland
3/13/2025
Stay Updated
Subscribe to our newsletter for the latest financial insights and news.
+With Unusual Whales
Get the best broker for options trading and earn $5,000 in cash with an eligible account deposit at tastytrade. Get $50 when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.