Breaking Ground: Amazon's Rivian EDV to Hit the Roads of Europe
- July 04th, 2023
- 530 views
In the coming weeks, Amazon.com, Inc. (Nasdaq: AMZN) will launch its custom electric delivery vans from Rivian in Europe, starting with Germany. Over 300 electric vans will join the existing fleet of thousands, including more than 1,000 in Germany. Amazon plans to invest over €1 billion to electrify its European transportation network and reduce carbon emissions.
The vans prioritize safety, sustainability, and driver comfort. Amazon's partnership with Rivian Automotive, Inc. (Nasdaq: RIVN) is part of its commitment to achieve net-zero carbon emissions by 2040. In Europe, the companies specially designed a shorter and thinner van than its U.S. counterpart, allowing for better maneuverability and fitting into the narrow spaces of Europe's cities.
In the US, Amazon already has 3,000 Rivian vans in operation and aims to have 100,000 globally by 2030.
$RIVN closed at $19.56 (+17.41%), while $AMZN closed at $3,130.22 (-0.11%) on Monday
THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)
Post Your Comments
Want To Find Some News?
Recent Posts
-
Key Earnings Ahead for Netflix, Fastenal, and U.S. Bancorp
January 18th, 2026Louisville Thunder Appoints Veteran Coach Mike Reed to Lead Program
January 15th, 2026FDA Approves First Treatment for Children With Menkes Disease
January 13th, 2026January 13th, 2026Wall Street Eyes Bank of America, Wells Fargo, Citi Ahead of Earnings
January 11th, 2026
Member Login