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Amazon rolls out first European Rivian vans in Germany
Global Banking & Finance Review®
Company
By Nick Carey
(Reuters) – E-commerce giant Amazon will deploy its first European vans from U.S. electric vehicle (EV) maker Rivian in Germany over the coming weeks as part of long-term plans to electrify its transportation network, it said on Tuesday.
Amazon said 300 electric vans will hit the roads in the Munich, Berlin, and Dusseldorf regions as part of a 100,000-vehicle order it made in 2019 from Rivian, in which it is the largest shareholder.
Rivian and Amazon will use a specially-designed shorter, thinner van than its U.S. counterpart to better fit the streets in Europe’s cities.
Amazon has committed more than 1 billion euros ($1.1 billion) to electrifying its fleet in Europe, with 400 million euros of that allocated to Germany.
The online retailer began rolling out Rivian vans in the United States last year and now has more than 3,000 vans delivering packages in over 500 U.S. cities and regions. It aims to have 100,000 Rivian vehicles in its fleet globally by 2030.
($1 = 0.9190 euros)
(Reporting By Nick Carey; Editing by Jan Harvey)
An electric vehicle (EV) is a type of vehicle that is powered by electricity instead of gasoline or diesel. EVs use electric motors and batteries to operate, offering a more sustainable transportation option.
Electrification in transportation refers to the process of replacing conventional fuel-powered vehicles with electric vehicles. This shift aims to reduce carbon emissions and promote sustainable energy use.
A fleet refers to a group of vehicles owned or leased by a business for commercial purposes. Companies use fleets for transportation, delivery, or service operations.
A shareholder is an individual or institution that owns shares in a company. Shareholders have a claim on part of the company’s assets and earnings, and they may receive dividends.
In logistics, a van is a type of vehicle used for transporting goods and services. Vans are often used for deliveries due to their size and capacity to navigate urban areas.
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