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Rivian lawsuit warns Amazon vans could be delayed, report says

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Production of electric Amazon delivery vans on April 11, 2022 at Rivian’s plant in Normal, Ill.

Michael Wayland / CNBC

Shares of Rivian Automotive sank Monday after a report by The Wall Street Journal that said the upstart electric-vehicle maker is suing a key supplier in a legal battle that could delay vans ordered by Amazon.

Amazon, a major investor in Rivian, placed an order for 100,000 electric delivery vans last year.

Rivian’s lawsuit, according to the report, accuses Ohio-based Commercial Vehicle Group of violating its contract with Rivian to supply seats for the vans by sharply raising its prices after the contract was signed. It said in court filings that the dispute could impact its…



Source cnbc.com

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