Rivian Halts Amazon Van Production Because of a Parts Issue
RIVNRivian Automotive(RIVN) Investopedia·2024-08-17 03:35

Key TakeawaysRivian halted production of Amazon electric vans because of a parts shortage.The EV maker said it expects to make up the missed production, and the problem doesn't affect its RT1 pickup and RS1 SUV.Amazon has committed to purchasing 100,000 Rivian vans by 2030, and reported last month that 15,000 were on the road in the U.S. since 2022. Rivian Automotive (RIVN) shares declined in intraday trading Friday after the electric vehicle (EV) maker halted production of vans for Amazon (AMZN) because of ...