Ford Motor Company, which has a good relationship with the Rivian, removed a company board representative earlier this month. By the end of the third quarter, Amazon had an average 20% equity interest rate on Rivian, according to estimates.
Amazon.com Inc., the first supporter of Rivian Automotive, now owns about five electric trucks, the e-commerce giant revealed in a quarterly completion on Friday.
By the end of the third quarter, Amazon had an average 20% equity interest rate on Rivian, according to estimates.
Rivian also aims to raise between $ 5 billion and $ 8 billion at the start of the stock market by the end of the year, and wants to raise about $ 80 billion, Reuters reported in September.
The company’s pre-IPO investors include T. Rowe Price and BlackRock.
Amazon on Thursday reported negative quarterly results and warned that labor market tightness and rising costs would hurt its quarterly holiday results.
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