Amazon’s $700 million leap into Rivian’s electric pickup trucks

The benefit for a company such as Amazon, Jonas says, includes using the technology to shape electric delivery vehicles to support its own logistics efforts and tap into the $900 billion logistics industry.

Jeff Wilke, who runs Amazon’s worldwide consumer division, said the tech giant is “thrilled” to invest in Rivian. 

“We’re inspired by Rivian’s vision for the future of electric transportation,” he said in a statement. “RJ has built an impressive organization, with a product portfolio and technology to match,” he said.

The reported discussions between Rivian and GM follow Jim Farley, Ford Motor Co.’s president of global markets, reconfirming that the company would eventually be “electrifying the F series, both battery-electric and hybrid.” He declined to provide a time frame or specify whether Ford would offer an electric F-150, Super Duty or both.

Ford Executive Chairman Bill Ford confirmed last year that Ford planned an F-series EV, at a celebration marking 100 years of the Rouge manufacturing complex, where the F-150 is assembled.

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