Amazon discloses 20% stake in EV maker Rivian

in hive-175254 •  3 months ago 

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.

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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.

Looking forward to your responses : )

Regards,
@teky

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It is amazing what amazon can achieve as that leading company in the finance market, especially if it achieves that 20% stake with Rivian electric vehicles. Greetings and thanks for your contribution.