Rivian expands delivery van sales to boost orders
fool.com —
Rivian Automotive is facing a quiet year in 2025, with no new vehicle launches until 2026. However, the company has ended its exclusivity deal with Amazon, allowing it to sell electric delivery vans to other businesses, potentially increasing orders. Rivian achieved a positive gross profit in the fourth quarter of 2024, driven by cost improvements and operational efficiencies. The company aims to maintain this profitability throughout 2025, signaling progress to investors. The upcoming R2 vehicle is expected to be more affordable at around $45,000, targeting a broader consumer base. Rivian plans to produce the R2 for North America and international markets, with additional models, R3 and R3X, in the pipeline.