Rivian shares hit a new high after Amazon announced it was taking the auto company’s technology to Europe with first rollouts in Munich, Berlin and Düsseldorf, Germany.
"We’re thrilled to see the EDV [electric delivery vans] rolling out in Germany today," Rivian VP of Strategy Dagan Mishoulam said.
"This vehicle was designed in conjunction with our partners at Amazon and not only puts driver convenience and safety first but also the environment," he added. "We’ve had incredible feedback from drivers in the U.S., and we're excited to start international expansion in Germany." Over 300 electric last-mile delivery vans will be on the streets of Munich, Berlin and Düsseldorf in the coming weeks. Last year, Amazon announced plans to invest over $1.09 billion to electrify its European transportation network.Rocco Bräuniger, country manager for Amazon.de, said, "Amazon is committed to reaching net-zero carbon by 2040, and reducing our delivery-related emissions is a critical part of this goal.
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