In its earnings release, the company also ended an agreement to sell electric vans exclusively to Amazon
Electric-vehicle startup Rivian Automotive raised its production forecast for the year and said losses narrowed in the third quarter, as the company tries to increase output after a choppy two-year launch.
Rivian also said Tuesday that it was no longer required to sell its electric delivery vans exclusively to Amazon.com and was in talks with other potential customers. The companies wereafter a lower-than-expected van order by the online retailer, The Wall Street Journal previously reported. Amazon owns a nearly 17% stake in Rivian.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.
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