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4w ago

Amazon Tests GM BrightDrop Vans, Sending Rivian Shares Lower

The small trial underscores Amazon’s practice of testing suppliers to reach its 2030 goal of 100,000 electric delivery vehicles.

BrightDrop electric delivery vans are parked near General Motors (GM) BrightDrop unit's CAMI EV Assembly, Canada's first full-scale electric vehicle manufacturing plant, in Ingersoll, Ontario, Canada, March 13, 2025. REUTERS/Carlos Osorio/File Photo
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Overview

  • Amazon confirmed a pilot of about a dozen Chevrolet BrightDrop vans as part of its evaluation of electric delivery options.
  • Rivian shares fell as much as 10% to $12.57 after Bloomberg reported the trial.
  • Amazon reiterated its target to deploy 100,000 electric delivery vehicles by 2030.
  • Rivian CEO RJ Scaringe restated the aim to deliver 100,000 vans to Amazon by 2030 and said commercial electrification has progressed more slowly than expected.
  • Amazon had more than 30,000 Rivian delivery vans on U.S. roads as of June, and Rivian has begun selling to other fleets, including 70 vans to HelloFresh.