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Tuesday, 4 February 2020

(AUC) AMAZON GOES ELECTRIC


Internet shopping giant Amazon has given a further boost to EV start-up Rivian by placing an order with the company for 100,000 electric delivery vehicles.

The fledging manufacturer is aiming to produce a range of go-anywhere 4x4 EVs built on its own bespoke platform, showcasing the R1 SUV and R1T pick-up at last year’s Los Angeles motor show.

Rivian has attracted high profile investments from firms including Ford, with which it is working on future vehicle development, and Amazon.

Opinion: will Amazon's electric van order disrupt the car industry?

The internet retailer invested $440 million (£350 million) to lead a $700 million (£544 million) investment round in Rivian earlier this year, and has now furthered those links with the massive order, which it says is the largest ever made in an electric delivery vehicle.

Amazon says that the first Rivan-built vans will go into service in 2021, with the plan to have 10,000 on the road by 2022 and all 100,000 in operation by 2030 - Link

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