Amazon to Buy More EVs, But Not From Rivian

TheStreet2022-01-06

Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.

Amazon is planning to buy more electric vehicles for its last mile delivery service but not from its original EV purchase partner Rivian.

The Seattle-based tech giant on Wednesday said that it had reached an agreement with global automobile manufacturer Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.

Amazon did not say how many vehicles Stellantis will deliver, but it said the companies plan to put thousands of Ram ProMasters on the road each year after the launch, according to a Wednesday statement. This is not great news for EV manufacturer Rivian, in which Amazon says it owns a 20% stake.

Shares of Rivian closed over 11% lower in the regular session on news of Amazon's deal.

Amazon has ordered 100,000 Rivian delivery vans to be delivered by 2030, with 10,000 those coming this year.

But Rivian last year said that as of Dec. 15 it had a backlog of 71,000 preorders and any orders placed after then wouldn't be delivered until 2023.

Amazon's decision to do business with another vehicle manufacturer comes less than two months after Ford and Rivian on Nov. 19 cancelled plans to jointly develop an EV.

Ford is also a Rivian investor, as it backed the EV company in April 2019 with a $500 million investment.

Amazon and Stellantis reached a series of other multi-year agreements as well, including collaboration on STLA Smart Cockpit software that offers in-vehicle artificial intelligence-enhanced applications for entertainment, Alexa-enabled voice assistance, navigation, vehicle maintenance, ecommerce marketplaces and payment services, according to the statement.

Under the agreement, Stellantis will use Amazon Web Services as its preferred cloud provider for vehicle platforms. Stellantis and AWS will also launch a new global learning curriculum to be known as Agile-Auto Software and Data Academy, which will cover software, data and cloud technology.

Stellantis plans to train over 5,000 developers and engineers by 2024 in AWS-related cloud technologies to quickly move to a data-driven enterprise in the cloud, according to a statement.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

BoldMeow
2022-01-06
BoldMeow
Why Amazon doesn't order EVs from Tesla?
Toastz
2022-01-06
Toastz
[Cool]
masran
2022-01-06
masran
why this happen
gifftake
2022-01-06
gifftake
Betrayed Rivian...
V K
2022-01-06
V K
Pls like tyvm[Happy]

Leave a comment

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This is not great news for EV manufacturer Rivian, in which Amazon says it owns a 20% stake.Shares of Rivian closed over 11% lower in the regular session on news of Amazon's deal.Amazon has ordered 100,000 Rivian delivery vans to be delivered by 2030, with 10,000 those coming this year.But Rivian last year said that as of Dec. 15 it had a backlog of 71,000 preorders and any orders placed after then wouldn't be delivered until 2023.Amazon's decision to do business with another vehicle manufacturer comes less than two months after Ford and Rivian on Nov. 19 cancelled plans to jointly develop an EV.Ford is also a Rivian investor, as it backed the EV company in April 2019 with a $500 million investment.Amazon and Stellantis reached a series of other multi-year agreements as well, including collaboration on STLA Smart Cockpit software that offers in-vehicle artificial intelligence-enhanced applications for entertainment, Alexa-enabled voice assistance, navigation, vehicle maintenance, ecommerce marketplaces and payment services, according to the statement.Under the agreement, Stellantis will use Amazon Web Services as its preferred cloud provider for vehicle platforms. Stellantis and AWS will also launch  a new global learning curriculum to be known as Agile-Auto Software and Data Academy, which will cover software, data and cloud technology.Stellantis plans to train over 5,000 developers and engineers by 2024 in AWS-related cloud technologies to quickly move to a data-driven enterprise in the cloud, according to a statement.","news_type":1,"symbols_score_info":{"AMZN":0.9,"STLA":0.9,"RIVN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008226019,"gmtCreate":1641464415183,"gmtModify":1676533617836,"author":{"id":"3583833181304336","authorId":"3583833181304336","name":"Toastz","avatar":"https://static.tigerbbs.com/3e05b15a2754d3640cd71085625120a9","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3583833181304336","idStr":"3583833181304336"},"htmlText":"[Cool]&nbsp;","listText":"[Cool]&nbsp;","text":"[Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008226019","repostId":1119822130,"repostType":4,"repost":{"id":"1119822130","kind":"news","pubTimestamp":1641454029,"share":"https://ttm.financial/m/news/1119822130?lang=en_US&edition=fundamental","pubTime":"2022-01-06 15:27","market":"us","language":"en","title":"Amazon to Buy More EVs, But Not From Rivian","url":"https://stock-news.laohu8.com/highlight/detail?id=1119822130","media":"TheStreet","summary":"Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ra","content":"<html><head></head><body><p>Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.</p><p>Amazon is planning to buy more electric vehicles for its last mile delivery service but not from its original EV purchase partner Rivian.</p><p>The Seattle-based tech giant on Wednesday said that it had reached an agreement with global automobile manufacturer Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.</p><p>Amazon did not say how many vehicles Stellantis will deliver, but it said the companies plan to put thousands of Ram ProMasters on the road each year after the launch, according to a Wednesday statement. This is not great news for EV manufacturer Rivian, in which Amazon says it owns a 20% stake.</p><p>Shares of Rivian closed over 11% lower in the regular session on news of Amazon&#39;s deal.</p><p>Amazon has ordered 100,000 Rivian delivery vans to be delivered by 2030, with 10,000 those coming this year.</p><p>But Rivian last year said that as of Dec. 15 it had a backlog of 71,000 preorders and any orders placed after then wouldn&#39;t be delivered until 2023.</p><p>Amazon&#39;s decision to do business with another vehicle manufacturer comes less than two months after Ford and Rivian on Nov. 19 cancelled plans to jointly develop an EV.</p><p>Ford is also a Rivian investor, as it backed the EV company in April 2019 with a $500 million investment.</p><p>Amazon and Stellantis reached a series of other multi-year agreements as well, including collaboration on STLA Smart Cockpit software that offers in-vehicle artificial intelligence-enhanced applications for entertainment, Alexa-enabled voice assistance, navigation, vehicle maintenance, ecommerce marketplaces and payment services, according to the statement.</p><p>Under the agreement, Stellantis will use Amazon Web Services as its preferred cloud provider for vehicle platforms. Stellantis and AWS will also launch  a new global learning curriculum to be known as Agile-Auto Software and Data Academy, which will cover software, data and cloud technology.</p><p>Stellantis plans to train over 5,000 developers and engineers by 2024 in AWS-related cloud technologies to quickly move to a data-driven enterprise in the cloud, according to a statement.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon to Buy More EVs, But Not From Rivian</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon to Buy More EVs, But Not From Rivian\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 15:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/amazon-to-buy-more-evs-but-not-from-rivian><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.Amazon is planning to buy more ...</p>\n\n<a href=\"https://www.thestreet.com/investing/amazon-to-buy-more-evs-but-not-from-rivian\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","STLA":"Stellantis NV","AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/investing/amazon-to-buy-more-evs-but-not-from-rivian","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119822130","content_text":"Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.Amazon is planning to buy more electric vehicles for its last mile delivery service but not from its original EV purchase partner Rivian.The Seattle-based tech giant on Wednesday said that it had reached an agreement with global automobile manufacturer Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.Amazon did not say how many vehicles Stellantis will deliver, but it said the companies plan to put thousands of Ram ProMasters on the road each year after the launch, according to a Wednesday statement. This is not great news for EV manufacturer Rivian, in which Amazon says it owns a 20% stake.Shares of Rivian closed over 11% lower in the regular session on news of Amazon's deal.Amazon has ordered 100,000 Rivian delivery vans to be delivered by 2030, with 10,000 those coming this year.But Rivian last year said that as of Dec. 15 it had a backlog of 71,000 preorders and any orders placed after then wouldn't be delivered until 2023.Amazon's decision to do business with another vehicle manufacturer comes less than two months after Ford and Rivian on Nov. 19 cancelled plans to jointly develop an EV.Ford is also a Rivian investor, as it backed the EV company in April 2019 with a $500 million investment.Amazon and Stellantis reached a series of other multi-year agreements as well, including collaboration on STLA Smart Cockpit software that offers in-vehicle artificial intelligence-enhanced applications for entertainment, Alexa-enabled voice assistance, navigation, vehicle maintenance, ecommerce marketplaces and payment services, according to the statement.Under the agreement, Stellantis will use Amazon Web Services as its preferred cloud provider for vehicle platforms. Stellantis and AWS will also launch  a new global learning curriculum to be known as Agile-Auto Software and Data Academy, which will cover software, data and cloud technology.Stellantis plans to train over 5,000 developers and engineers by 2024 in AWS-related cloud technologies to quickly move to a data-driven enterprise in the cloud, according to a statement.","news_type":1,"symbols_score_info":{"AMZN":0.9,"STLA":0.9,"RIVN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008266300,"gmtCreate":1641461049943,"gmtModify":1676533617523,"author":{"id":"3582888796077977","authorId":"3582888796077977","name":"masran","avatar":"https://static.tigerbbs.com/5258de17f60ac17503ecfa2ededa974d","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"3582888796077977","idStr":"3582888796077977"},"htmlText":"why this happen","listText":"why this happen","text":"why this happen","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008266300","repostId":1119822130,"repostType":2,"repost":{"id":"1119822130","kind":"news","pubTimestamp":1641454029,"share":"https://ttm.financial/m/news/1119822130?lang=en_US&edition=fundamental","pubTime":"2022-01-06 15:27","market":"us","language":"en","title":"Amazon to Buy More EVs, But Not From Rivian","url":"https://stock-news.laohu8.com/highlight/detail?id=1119822130","media":"TheStreet","summary":"Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ra","content":"<html><head></head><body><p>Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.</p><p>Amazon is planning to buy more electric vehicles for its last mile delivery service but not from its original EV purchase partner Rivian.</p><p>The Seattle-based tech giant on Wednesday said that it had reached an agreement with global automobile manufacturer Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.</p><p>Amazon did not say how many vehicles Stellantis will deliver, but it said the companies plan to put thousands of Ram ProMasters on the road each year after the launch, according to a Wednesday statement. This is not great news for EV manufacturer Rivian, in which Amazon says it owns a 20% stake.</p><p>Shares of Rivian closed over 11% lower in the regular session on news of Amazon&#39;s deal.</p><p>Amazon has ordered 100,000 Rivian delivery vans to be delivered by 2030, with 10,000 those coming this year.</p><p>But Rivian last year said that as of Dec. 15 it had a backlog of 71,000 preorders and any orders placed after then wouldn&#39;t be delivered until 2023.</p><p>Amazon&#39;s decision to do business with another vehicle manufacturer comes less than two months after Ford and Rivian on Nov. 19 cancelled plans to jointly develop an EV.</p><p>Ford is also a Rivian investor, as it backed the EV company in April 2019 with a $500 million investment.</p><p>Amazon and Stellantis reached a series of other multi-year agreements as well, including collaboration on STLA Smart Cockpit software that offers in-vehicle artificial intelligence-enhanced applications for entertainment, Alexa-enabled voice assistance, navigation, vehicle maintenance, ecommerce marketplaces and payment services, according to the statement.</p><p>Under the agreement, Stellantis will use Amazon Web Services as its preferred cloud provider for vehicle platforms. Stellantis and AWS will also launch  a new global learning curriculum to be known as Agile-Auto Software and Data Academy, which will cover software, data and cloud technology.</p><p>Stellantis plans to train over 5,000 developers and engineers by 2024 in AWS-related cloud technologies to quickly move to a data-driven enterprise in the cloud, according to a statement.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon to Buy More EVs, But Not From Rivian</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon to Buy More EVs, But Not From Rivian\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 15:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/amazon-to-buy-more-evs-but-not-from-rivian><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.Amazon is planning to buy more ...</p>\n\n<a href=\"https://www.thestreet.com/investing/amazon-to-buy-more-evs-but-not-from-rivian\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","STLA":"Stellantis NV","AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/investing/amazon-to-buy-more-evs-but-not-from-rivian","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119822130","content_text":"Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.Amazon is planning to buy more electric vehicles for its last mile delivery service but not from its original EV purchase partner Rivian.The Seattle-based tech giant on Wednesday said that it had reached an agreement with global automobile manufacturer Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.Amazon did not say how many vehicles Stellantis will deliver, but it said the companies plan to put thousands of Ram ProMasters on the road each year after the launch, according to a Wednesday statement. This is not great news for EV manufacturer Rivian, in which Amazon says it owns a 20% stake.Shares of Rivian closed over 11% lower in the regular session on news of Amazon's deal.Amazon has ordered 100,000 Rivian delivery vans to be delivered by 2030, with 10,000 those coming this year.But Rivian last year said that as of Dec. 15 it had a backlog of 71,000 preorders and any orders placed after then wouldn't be delivered until 2023.Amazon's decision to do business with another vehicle manufacturer comes less than two months after Ford and Rivian on Nov. 19 cancelled plans to jointly develop an EV.Ford is also a Rivian investor, as it backed the EV company in April 2019 with a $500 million investment.Amazon and Stellantis reached a series of other multi-year agreements as well, including collaboration on STLA Smart Cockpit software that offers in-vehicle artificial intelligence-enhanced applications for entertainment, Alexa-enabled voice assistance, navigation, vehicle maintenance, ecommerce marketplaces and payment services, according to the statement.Under the agreement, Stellantis will use Amazon Web Services as its preferred cloud provider for vehicle platforms. Stellantis and AWS will also launch  a new global learning curriculum to be known as Agile-Auto Software and Data Academy, which will cover software, data and cloud technology.Stellantis plans to train over 5,000 developers and engineers by 2024 in AWS-related cloud technologies to quickly move to a data-driven enterprise in the cloud, according to a statement.","news_type":1,"symbols_score_info":{"AMZN":0.9,"STLA":0.9,"RIVN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008263637,"gmtCreate":1641459912818,"gmtModify":1676533617468,"author":{"id":"4090933360087720","authorId":"4090933360087720","name":"gifftake","avatar":"https://static.tigerbbs.com/02761f373dd00233ca1524f5c76e2064","vip":1,"crmLevel":11,"crmLevelSwitch":0,"authorIdStr":"4090933360087720","idStr":"4090933360087720"},"htmlText":"Betrayed Rivian...","listText":"Betrayed Rivian...","text":"Betrayed Rivian...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008263637","repostId":1119822130,"repostType":4,"repost":{"id":"1119822130","kind":"news","pubTimestamp":1641454029,"share":"https://ttm.financial/m/news/1119822130?lang=en_US&edition=fundamental","pubTime":"2022-01-06 15:27","market":"us","language":"en","title":"Amazon to Buy More EVs, But Not From Rivian","url":"https://stock-news.laohu8.com/highlight/detail?id=1119822130","media":"TheStreet","summary":"Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ra","content":"<html><head></head><body><p>Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.</p><p>Amazon is planning to buy more electric vehicles for its last mile delivery service but not from its original EV purchase partner Rivian.</p><p>The Seattle-based tech giant on Wednesday said that it had reached an agreement with global automobile manufacturer Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.</p><p>Amazon did not say how many vehicles Stellantis will deliver, but it said the companies plan to put thousands of Ram ProMasters on the road each year after the launch, according to a Wednesday statement. This is not great news for EV manufacturer Rivian, in which Amazon says it owns a 20% stake.</p><p>Shares of Rivian closed over 11% lower in the regular session on news of Amazon&#39;s deal.</p><p>Amazon has ordered 100,000 Rivian delivery vans to be delivered by 2030, with 10,000 those coming this year.</p><p>But Rivian last year said that as of Dec. 15 it had a backlog of 71,000 preorders and any orders placed after then wouldn&#39;t be delivered until 2023.</p><p>Amazon&#39;s decision to do business with another vehicle manufacturer comes less than two months after Ford and Rivian on Nov. 19 cancelled plans to jointly develop an EV.</p><p>Ford is also a Rivian investor, as it backed the EV company in April 2019 with a $500 million investment.</p><p>Amazon and Stellantis reached a series of other multi-year agreements as well, including collaboration on STLA Smart Cockpit software that offers in-vehicle artificial intelligence-enhanced applications for entertainment, Alexa-enabled voice assistance, navigation, vehicle maintenance, ecommerce marketplaces and payment services, according to the statement.</p><p>Under the agreement, Stellantis will use Amazon Web Services as its preferred cloud provider for vehicle platforms. Stellantis and AWS will also launch  a new global learning curriculum to be known as Agile-Auto Software and Data Academy, which will cover software, data and cloud technology.</p><p>Stellantis plans to train over 5,000 developers and engineers by 2024 in AWS-related cloud technologies to quickly move to a data-driven enterprise in the cloud, according to a statement.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon to Buy More EVs, But Not From Rivian</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon to Buy More EVs, But Not From Rivian\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 15:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/amazon-to-buy-more-evs-but-not-from-rivian><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.Amazon is planning to buy more ...</p>\n\n<a href=\"https://www.thestreet.com/investing/amazon-to-buy-more-evs-but-not-from-rivian\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","STLA":"Stellantis NV","AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/investing/amazon-to-buy-more-evs-but-not-from-rivian","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119822130","content_text":"Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.Amazon is planning to buy more electric vehicles for its last mile delivery service but not from its original EV purchase partner Rivian.The Seattle-based tech giant on Wednesday said that it had reached an agreement with global automobile manufacturer Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.Amazon did not say how many vehicles Stellantis will deliver, but it said the companies plan to put thousands of Ram ProMasters on the road each year after the launch, according to a Wednesday statement. This is not great news for EV manufacturer Rivian, in which Amazon says it owns a 20% stake.Shares of Rivian closed over 11% lower in the regular session on news of Amazon's deal.Amazon has ordered 100,000 Rivian delivery vans to be delivered by 2030, with 10,000 those coming this year.But Rivian last year said that as of Dec. 15 it had a backlog of 71,000 preorders and any orders placed after then wouldn't be delivered until 2023.Amazon's decision to do business with another vehicle manufacturer comes less than two months after Ford and Rivian on Nov. 19 cancelled plans to jointly develop an EV.Ford is also a Rivian investor, as it backed the EV company in April 2019 with a $500 million investment.Amazon and Stellantis reached a series of other multi-year agreements as well, including collaboration on STLA Smart Cockpit software that offers in-vehicle artificial intelligence-enhanced applications for entertainment, Alexa-enabled voice assistance, navigation, vehicle maintenance, ecommerce marketplaces and payment services, according to the statement.Under the agreement, Stellantis will use Amazon Web Services as its preferred cloud provider for vehicle platforms. Stellantis and AWS will also launch  a new global learning curriculum to be known as Agile-Auto Software and Data Academy, which will cover software, data and cloud technology.Stellantis plans to train over 5,000 developers and engineers by 2024 in AWS-related cloud technologies to quickly move to a data-driven enterprise in the cloud, according to a statement.","news_type":1,"symbols_score_info":{"AMZN":0.9,"STLA":0.9,"RIVN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9008214139,"gmtCreate":1641454298451,"gmtModify":1676533617135,"author":{"id":"3577323914202336","authorId":"3577323914202336","name":"V K","avatar":"https://static.tigerbbs.com/536d624e5750dcffec704eeed9bc003b","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3577323914202336","idStr":"3577323914202336"},"htmlText":"Pls like tyvm[Happy]&nbsp;","listText":"Pls like tyvm[Happy]&nbsp;","text":"Pls like tyvm[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9008214139","repostId":1119822130,"repostType":4,"repost":{"id":"1119822130","kind":"news","pubTimestamp":1641454029,"share":"https://ttm.financial/m/news/1119822130?lang=en_US&edition=fundamental","pubTime":"2022-01-06 15:27","market":"us","language":"en","title":"Amazon to Buy More EVs, But Not From Rivian","url":"https://stock-news.laohu8.com/highlight/detail?id=1119822130","media":"TheStreet","summary":"Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ra","content":"<html><head></head><body><p>Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.</p><p>Amazon is planning to buy more electric vehicles for its last mile delivery service but not from its original EV purchase partner Rivian.</p><p>The Seattle-based tech giant on Wednesday said that it had reached an agreement with global automobile manufacturer Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.</p><p>Amazon did not say how many vehicles Stellantis will deliver, but it said the companies plan to put thousands of Ram ProMasters on the road each year after the launch, according to a Wednesday statement. This is not great news for EV manufacturer Rivian, in which Amazon says it owns a 20% stake.</p><p>Shares of Rivian closed over 11% lower in the regular session on news of Amazon&#39;s deal.</p><p>Amazon has ordered 100,000 Rivian delivery vans to be delivered by 2030, with 10,000 those coming this year.</p><p>But Rivian last year said that as of Dec. 15 it had a backlog of 71,000 preorders and any orders placed after then wouldn&#39;t be delivered until 2023.</p><p>Amazon&#39;s decision to do business with another vehicle manufacturer comes less than two months after Ford and Rivian on Nov. 19 cancelled plans to jointly develop an EV.</p><p>Ford is also a Rivian investor, as it backed the EV company in April 2019 with a $500 million investment.</p><p>Amazon and Stellantis reached a series of other multi-year agreements as well, including collaboration on STLA Smart Cockpit software that offers in-vehicle artificial intelligence-enhanced applications for entertainment, Alexa-enabled voice assistance, navigation, vehicle maintenance, ecommerce marketplaces and payment services, according to the statement.</p><p>Under the agreement, Stellantis will use Amazon Web Services as its preferred cloud provider for vehicle platforms. Stellantis and AWS will also launch  a new global learning curriculum to be known as Agile-Auto Software and Data Academy, which will cover software, data and cloud technology.</p><p>Stellantis plans to train over 5,000 developers and engineers by 2024 in AWS-related cloud technologies to quickly move to a data-driven enterprise in the cloud, according to a statement.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon to Buy More EVs, But Not From Rivian</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon to Buy More EVs, But Not From Rivian\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-06 15:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/amazon-to-buy-more-evs-but-not-from-rivian><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.Amazon is planning to buy more ...</p>\n\n<a href=\"https://www.thestreet.com/investing/amazon-to-buy-more-evs-but-not-from-rivian\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","STLA":"Stellantis NV","AMZN":"亚马逊"},"source_url":"https://www.thestreet.com/investing/amazon-to-buy-more-evs-but-not-from-rivian","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119822130","content_text":"Amazon reaches an agreement with automaker Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.Amazon is planning to buy more electric vehicles for its last mile delivery service but not from its original EV purchase partner Rivian.The Seattle-based tech giant on Wednesday said that it had reached an agreement with global automobile manufacturer Stellantis to be the first commercial customer for its Ram ProMaster battery electric vehicle that will launch in 2023.Amazon did not say how many vehicles Stellantis will deliver, but it said the companies plan to put thousands of Ram ProMasters on the road each year after the launch, according to a Wednesday statement. This is not great news for EV manufacturer Rivian, in which Amazon says it owns a 20% stake.Shares of Rivian closed over 11% lower in the regular session on news of Amazon's deal.Amazon has ordered 100,000 Rivian delivery vans to be delivered by 2030, with 10,000 those coming this year.But Rivian last year said that as of Dec. 15 it had a backlog of 71,000 preorders and any orders placed after then wouldn't be delivered until 2023.Amazon's decision to do business with another vehicle manufacturer comes less than two months after Ford and Rivian on Nov. 19 cancelled plans to jointly develop an EV.Ford is also a Rivian investor, as it backed the EV company in April 2019 with a $500 million investment.Amazon and Stellantis reached a series of other multi-year agreements as well, including collaboration on STLA Smart Cockpit software that offers in-vehicle artificial intelligence-enhanced applications for entertainment, Alexa-enabled voice assistance, navigation, vehicle maintenance, ecommerce marketplaces and payment services, according to the statement.Under the agreement, Stellantis will use Amazon Web Services as its preferred cloud provider for vehicle platforms. Stellantis and AWS will also launch  a new global learning curriculum to be known as Agile-Auto Software and Data Academy, which will cover software, data and cloud technology.Stellantis plans to train over 5,000 developers and engineers by 2024 in AWS-related cloud technologies to quickly move to a data-driven enterprise in the cloud, according to a statement.","news_type":1,"symbols_score_info":{"AMZN":0.9,"STLA":0.9,"RIVN":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":54,"commentSize":5,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1119822130","isCrawlerRequest":true}