Amazon is Rivian’s biggest shareholder and an early backer of the electric-vehicle maker
Rivian, led by CEO R.J. Scaringe, shown at left with Amazon’s vice president for transportation, Udit Madan, and Amazon are reportedly discussing changes to their electric-van deal.
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Rivian Automotive Inc.’s stock fell more than 3% Monday after news that the electric-vehicle maker and Amazon.com Inc. are discussing possible changes to their deal for electric delivery vans.
Citing people familiar with the matter, the Wall Street Journal reported Monday that the companies are in talks to end the exclusivity part of their electric-van deal. The talks started after Amazon’s order for the year was at the low end of the previous range, the report said.
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