Amazon and Rivian’s exclusive deal for electric vans might not last much longer
Rivian’s looking to exit from its agreement to exclusively provide delivery vans to Amazon, according to reports from The Wall Street Journal and CNBC. As part of a deal made in 2019, the online retailer signed on to purchase 100,000 delivery vans from Rivian, but with Amazon reportedly only meeting the bare minimum of ordering 10,000 vehicles this year, the two are renegotiating.
The terms of the original deal said Amazon would have the exclusive rights to the electric delivery vans for four years after Rivian provided the first batch of vehicles, which Rivian started delivering last year. However, the fine print states that Rivian could cut the exclusivity deal short if Amazon doesn’t purchase 10,000 of its vehicles in each of the...