Amazon and the EV maker Rivian Automotive announced Thursday the plan to have thousands of fully electric vans in more than 100 cities in the U.S. by the end of the year expecting to reach 100,000 by 2030.
In early May, Rivian‘s van was seen in Germany with a Swedish license plate. For other companies, Rivian plans to start accepting orders for fleet vehicles in 2022 and will start delivering them in 2023. The vans are highly configurable and have a payload capacity ranging from 1,960 pounds to 2,750 pounds, the company says.
Amazon started testing deliveries with Rivian vehicles in 2021 delivering over 430,000 packages and accumulating over 90,000 miles which allows Rivian to continuously improve the delivery vehicles.
“Customers across the U.S. will begin to see custom electric delivery vehicles from Rivian delivering their Amazon packages, with the electric vehicles hitting the road in Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle, and St. Louis, among other cities.”, Amazon said in the statement.
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Last week, CEO RJ Scaringe confirmed that the company is considering staffing adjustments, saying the company “is not immune to the current economic circumstances”, according to an internal memo seen by Bloomberg.
Recently, Rivian announced that produced 4,401 vehicles at its manufacturing facility in Normal (Illinois) during the second quarter of 2022 and delivered 4,467 vehicles. The electric vehicle maker said the numbers are “in line with the company’s expectations, and it believes it is on track to deliver on the 25,000 annual production guidance previously provided.
Last week, RBC Capital analyst Joseph Spak released a new note reiterating the $77 price target and the Outperform rating on Rivian shares. The analyst expects Rivian to deliver 3,600 vehicles in the second quarter, slightly above the consensus estimates.
Recently, Rivian announced that opened three fast charging sites this week in Colorado and California, “the first deployments in its nationwide Rivian Adventure Network”.
In mid-June, the company unveiled its plans for a large-scale wind turbine at its Normal manufacturing campus to provide clean energy enabling new R1 vehicles to be powered by renewables for their first charge. Earlier this year, Rivian had installed a 783-kilowatt solar canopy that is scheduled to begin generating electricity later this summer.
The wind project aligns with Rivian’s strategy of adding renewable resources to parts of the country that need them most Illinois’ grid is powered by 11% renewables and aims to reach net-zero carbon emissions by 2040, 10 years ahead of the Paris Agreement, the company stated.