Amazon’s partnership with Rivian, an electric vehicle company, has been a hot topic in recent months. The two companies have been working together on Amazon’s electric delivery vans and other projects, but the relationship goes much deeper than that. So, does Amazon own part of Rivian?
The answer is both yes and no. It depends on how you define ownership.
Amazon has invested $700 million in Rivian, which gives the company a minority stake in the company. However, Amazon does not have any control over Rivian’s operations or decision-making process. In other words, Amazon does not technically “own” any part of Rivian.
At the same time, Amazon’s investment has given it some power over Rivian. The two companies have entered into a strategic partnership that allows them to collaborate on various projects. For example, Amazon has placed orders for 100,000 electric delivery vans from Rivian and will be providing funding to help get these vehicles on the road.
In addition, Amazon has also become a key partner in Rivian’s development of autonomous driving technology. The two companies are working together to develop self-driving systems that could be used in Rivian’s vehicles in the future.
So while Amazon does not “own” part of Rivian in the traditional sense of the word, its strategic partnership and investment give it a great deal of influence over how the company operates and what products it produces. This influence is likely to continue as long as the two companies continue to work together.
Conclusion:
In conclusion, although Amazon does not technically own any part of Rivian due to its minority stake in the company, its investment and strategic partnership with Rivian gives it significant influence over how the company operates and what products it produces.