Amazon owns a 20 % stake in electrical transport startup Rivian, in keeping with a noticed by . As of September thirtieth, the corporate mentioned the stake was valued at $3.8 billion, up from $2.7 billion on the finish of 2020. That Amazon ought to personal a fifth of Rivian is no surprise. In 2019, the retailer within the automaker, contributing about $440 million to that whole. 

That similar 12 months, it introduced it will buy 100,000 electrical supply automobiles from Rivian. The first of these EVs, , started making initially of the 12 months. Amazon hopes to have 10,000 of its Rivian EVs on the highway by the top of 2022.

As you may think, that has put strain on Rivian to ship for its greatest buyer. Per Bloomberg, the corporate has prioritized manufacturing vans for Amazon on the expense of its client automobiles just like the . The former was presupposed to debut in 2020, however following a collection of pandemic-related delays, the primary customer-ready automobile solely rolled out of the corporate’s Normal, Illinois manufacturing facility this .