Amazon-backed electric vehicle maker Rivian said it plans to start selling its battery-powered delivery vehicles to new customers as an initial period of making them exclusively for the retail giant concludes. The company is also boosting its production target for electric pickups, SUVs and vans in 2023.
Opening up the availability of Rivian vans to other companies “has been part of our plan with Rivian from the beginning,” Udit Madan, Amazon’s vice president of transportation, said in an emailed statement. The plan was announced along with Rivian’s better-than-expected quarterly results. It reported record revenue of $1.34 billion for the three-month period, slightly better than a consensus expectation of about $1.31 billion. That came mainly from deliveries of 15,564 R1T pickups, R1S SUVs and delivery vans. Its net loss was $1.37 billion, down from $1.72 billion a year ago. Its loss per share was $1.19, better than an expected $1.32.