Amazon.com Inc. and Rivian Automotive Inc. are in talks on ending their exclusivity agreement, the Wall Street Journal reported Monday, citing people...
Amazon.com Inc.
and Rivian Automotive Inc. are in talks on ending their exclusivity agreement, the Wall Street Journal reported Monday, citing people familiar with the matter. Under the terms of a deal agreed in 2019, Rivian was required to sell all of the electric vans it makes to Amazon. But the ecommerce giant told Rivian in recent months that it only wants to buy about 10,000 vans this year, the low end of a range previously provided. That led Rivian to seek to end the exclusivity terms.
and Rivian Automotive Inc. are in talks on ending their exclusivity agreement, the Wall Street Journal reported Monday, citing people familiar with the matter. Under the terms of a deal agreed in 2019, Rivian was required to sell all of the electric vans it makes to Amazon. But the ecommerce giant told Rivian in recent months that it only wants to buy about 10,000 vans this year, the low end of a range previously provided. That led Rivian to seek to end the exclusivity terms.
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