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Dipanjan Banchur

Should Investors Pay Attention to These 2 Stocks With the Execution of Their EV Deal?

Amazon.com Inc. RIVN Amazon Dipanjan BanchurSince Rivian Rivian Automotive Inc

On July 21, 2022, Amazon.com, Inc. (AMZN) announced that it would start delivering its packages by custom electric delivery vehicles made by Rivian Automotive, Inc. (RIVN). AMZN had developed these electric delivery vans in partnership with RIVN in an attempt to decarbonize its delivery fleet. The electric vans will be used to make deliveries in a handful of cities, including Seattle, Baltimore, Chicago, and Phoenix.

AMZN expects to use more than a thousand such vans by the end of the year in more than a hundred cities. This marks progress toward its goal of having 100,000 electric delivery vehicles by 2030.

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