EV maker Rivian Automotive Inc RIVN stated on Wednesday that its electrical supply vans will now be accessible for companies in addition to on-line retailer Amazon.com Inc AMZN to buy.
What Occurred: “Now we have amended our Amazon settlement with phrases and circumstances, which offer the chance to promote business vans to different prospects, serving to extra firms cut back their CO2 emissions,” Rivian CEO RJ Scaringe stated through the firm’s third-quarter earnings call on Wednesday.
Amazon positioned an order for 100,000 EDVs from Rivian in 2019. As per the preliminary contract, Rivian may ship solely to Amazon for four years after preliminary deliveries. The California-based EV maker began delivering to Amazon in 2022.
Presently, Amazon has over 10,000 Rivian-made vans on the road and has delivered over 260 million packages with them. “We’re excited to proceed our work with Amazon to ship on their preliminary order of 100,000 automobiles, together with a various set of recent business prospects,” Scaringe added.
Nonetheless, for the fourth quarter, the corporate expects Amazon to take fewer deliveries of its automobiles as in comparison with prior intervals because of the upcoming vacation interval.
“…as a result of Amazon limits the consumption of recent business vans throughout its peak vacation supply interval, we anticipate a extra important hole between manufacturing and deliveries in This autumn relative to prior intervals,” firm CFO Claire McDonough stated.
Different Fleets For Rivian EDVs: The corporate stated that it’s in ‘energetic discussions’ with various massive potential fleet prospects for its EDVs. The corporate has additionally up to date its web site to make it open to inquiries by fleet operators.
Rivian’s supply vans are available in two variants- the Supply 500 and the Supply 700. Whereas Supply 500 presents a greater vary and begins at $83,000, the 700 variant has extra space for cargo and storage and has the next beginning value of $87,000. Deliveries will begin in 2024.
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Photograph courtesy: Rivian