Amazon signed a huge deal, and Tesla’s competitor collapsed

by time news

Less than two months after rising to third place in the list of car manufacturers with the highest market value in the world, last night (Wednesday) the American electric car manufacturer fell Rivian Significantly, and dropped three places on the list, having in the last month of 2021 already dropped from third to fifth place.

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The reason for the drop was an announcement of the signing of a huge deal between the retail giant in the Amazon chain and Stellantis, The Dutch car corporation formed a year ago following the merger agreement signed in 2020 between the French Peugeot-Citroen group and the American-Italian Fiat-Chrysler group. Details of the deal were not released, but it was noted that Amazon had ordered electric commercial vehicles from Stalantis to ship products from its warehouses to consumers, and the corporation’s CEO, Carlos Tavares, noted that this was a “significant number” of vehicles expected to begin supplying Amazon in 2023.

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