Amazon Touts 10K 'Super Cool' Electric Delivery Vans On US Roads
Portfolio Pulse from Anan Ashraf
Amazon.com Inc (NASDAQ:AMZN) announced that it has over 10,000 Rivian Automotive Inc's (NASDAQ:RIVN) electric delivery vans (EDV) on U.S. roads. Amazon intends to have 100,000 Rivian EDVs in its fleet by 2030. Amazon placed an order for 100,000 EDVs from Rivian in 2019, with Rivian delivering solely to Amazon for four years after initial deliveries.
October 18, 2023 | 4:58 am
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POSITIVE IMPACT
Amazon's announcement of having over 10,000 Rivian's EDVs on U.S. roads could be seen as a positive step towards its goal of having 100,000 EDVs by 2030.
The news shows Amazon's commitment to its goal of having 100,000 Rivian's EDVs by 2030. This could be seen as a positive development by investors, potentially leading to a positive impact on Amazon's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Rivian's partnership with Amazon and the successful delivery of over 10,000 EDVs could be seen as a positive development for the company.
The news shows Rivian's successful delivery of over 10,000 EDVs to Amazon. This could be seen as a positive development by investors, potentially leading to a positive impact on Rivian's stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100