One of Amazons new electrical supply vans from Rivian will get prepared to go away the Amazon Distribution Facility on Cyber Monday on November 28, 2022 in Aurora, Colorado.
Rj Sangosti | Denver Post | Getty Images
Rivian and Amazon are in discussions to regulate the exclusivity clause of their settlement for the EV maker’s electrical supply vans, an organization spokeswoman stated Monday.
Eliminating the exclusivity piece of the settlement would permit Rivian to court docket new clients as it really works to ramp manufacturing of the vans and its R1 collection pickup and SUV. The firm can be engaged on a forthcoming R2 mannequin and is in want of money. Last week, Rivian introduced plans to lift $1.3 billion by way of a sale of convertible notes to assist fund R2 growth and launch.
Rivian spokeswoman Marina Norville stated in an announcement the corporate’s relationship with Amazon has and continues to be a constructive one.
“We continue to work closely together, and are navigating a changing economic climate, similar to many companies,” she stated.
Rivian and Amazon struck a deal in 2019 handy over 100,000 electrical vans to the e-commerce big. Amazon started delivering packages with the automobiles in July, and Rivian final month touted 10 million packages delivered by way of the vans.
But Amazon, Rivian’s largest shareholder, has since underwhelmed with its order numbers, telling Rivian it needed to purchase about 10,000 automobiles this yr — the low finish of a beforehand acknowledged vary, in keeping with The Wall Street Journal, which first reported the discussions to finish exclusivity.
Amazon stated in an announcement to CNBC that 10,000 automobiles was the unique dedication, and that there was no change to its order quantity or partnership with Rivian.
“While nothing has changed with our agreement with Rivian, we’ve always said that we want others to benefit from their technology in the long run because having more electric delivery vehicles on the road is good for our communities and our planet,” an Amazon spokesperson stated.
Shares of Rivian fell round 3% Monday.
—CNBC’s Annie Palmer and John Rosevear contributed to this report.
Source: www.cnbc.com