Friday, August 16, 2024

EV maker Rivian halts production of Amazon delivery vans amid parts shortage, shares down 5%

Rivian suspended the production of its commercial delivery vans due to parts shortages, impacting their output for Amazon. A spokesperson indicated the company aims to recover the missed production. The shortage did not affect Rivian's other models. Amazon holds a 16% stake in Rivian, ordering 100,000 vans to be deployed by 2030.

from Tech-Economic Times
via IFTTT

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