Amazon seeks to enter the automotive industry by acquiring the Rivian project
This time, it seems that the Rivian project is grabbing the attention of a new investor, e-retail giant Amazon, as it seeks to acquire a large stake in it to help provide adequate funding to this end.
Initially, the Rivian project is so important because it leads to provide the electric pickups that have the advantage of self-driving, which is the future of technology in the automotive world, but this may negatively affect other pickup models. Ford, Apple and Tesla provide them with sufficient experience in the field of electric vehicles and provide the latest entertainment systems.
One of the most prominent results of the Rivian project is what was revealed at the Los Angeles Motor Show in 2018, where both the R1S, a fully electric four-wheel-drive model, available with three range of electric motors, the other model is the R1T, a pickup with the same options such all-wheel-drive models.
Since February 2019, Amazon has invested $ 700 million in the Rivian project, an amount that will ensure a substantial percentage in the project, which also helps to provide greater control to the company itself.