Subscribe To Our Free Newsletter |
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.