Should You Invest In Rivian in 2022?
Rivian (NASDAQ: RIVN) grabbed a lot of attention after its multibillion-dollar initial public offering (IPO) last year. Many investors saw Rivian's partnership with Amazon (NASDAQ: AMZN), under which it will deliver 100,000 electric delivery vans to the latter, as a key pillar of Rivian's growth story. So, how does Amazon's deal with Stellantis (NYSE: STLA) affect Rivian? And should you buy Rivian stock in 2022? Let's discuss that next.
Amazon is looking to make its last-mile delivery operations low emission by switching to electric delivery vehicles. The e-commerce giant obviously doesn't want to rely on a single electric vehicle (EV) maker for the same. Stellantis has been providing light commercial vehicles for Amazon's last- mile operations since 2018. While Amazon has partnered with Rivian for the delivery of electric vans, it makes sense for it to also buy electric vehicles from its existing supplier Stellantis, which is launching the electric version of its Ram ProMaster in 2023.
Image source: Rivian.
Source Fool.com
