Would you like to receive notifications on latest updates of the following headlines?

Rivian Halts Amazon Delivery Van Production Over Parts Shortage

POSTED ON August 16, 2024 •   Technology      BY Abiodun Saheed Omodara
Amazon EV van powered by Rivian is parked at the Amazon Logistics Facility in Chicago, Illinois, US, July 21, 2022. l Credit: REUTER

Rivian has temporarily suspended production of its commercial delivery vans used by retail giant Amazon due to a shortage of parts, a spokesperson for the electric vehicle manufacturer said on Friday.

Shares of the Irvine, California-based company were down 1.7% in premarket trading.

The production halt is the latest in a series of supply chain challenges for Rivian, which, like other EV makers, has grappled with significant production issues over the past two years due to supplier shortages, according to Reuters.

Amazon, Rivian's largest investor with a 16% stake, has ordered 100,000 electric delivery vans to be deployed by 2030. Last year, sales to Amazon represented approximately 19% of Rivian's revenue.

Amazon did not immediately respond to a Reuters request for comment.

"A part shortage has temporarily impacted our Electric Delivery Van (EDV) production. We expect to recover all missed production," the spokesperson said in an emailed statement.

The company did not disclose any information about the specific part and supplier in question, and also declined to comment on when the production stoppage began and if it has resumed.

The part shortage would not affect the production of other Rivian vehicles, including its R1S SUV and R1T pickup models.

Earlier this month, Rivian had maintained its production forecast and said that deliveries would be slightly lower in the current quarter after it shut down its factory in April for retooling and modifications.

READ ALSO
Tanzania,  Nigeria Lead Africa in Rising Fraud Rates- Report
BY Abiodun Saheed Omodara June 19, 2025 0

Tanzania and Nigeria have emerged as the leading countries in Africa for higher fraud rates, accordi...

READ ALSO
OpenAI Secures $200m Contract with US Department of Defense
BY Abiodun Saheed Omodara June 17, 2025 0

The US Department of Defense on Monday awarded OpenAI a $200 million contract to utilize generative...

READ ALSO
60,000 Nigerians Abroad Register on Diaspora Data Mapping Portal
BY Abiodun Saheed Omodara June 3, 2025 0

Approximately 60,000 Nigerians residing overseas have registered on the Diaspora Data Mapping Portal...

READ ALSO
Federal Ministry Unveils Digital Village to Bridge Digital Divide in Abuja Community
BY Abiodun Saheed Omodara May 30, 2025 0

The Federal Ministry of Communications, Innovation and Digital Economy has launched a Digital Villag...

READ ALSO
FG Unveils Project CNG-SPROUT to Revolutionize Campus Transport with Clean Energy
BY Abiodun Saheed Omodara May 30, 2025 0

The federal government has launched a transportation initiative called "Project CNG-SPROUT," designe...

READ ALSO
Agro Alliance Takes Top Honors at Hack4Livestock with IoT Solution for Cattle Intrusions
BY Abiodun Saheed Omodara May 24, 2025 0

ABUJA, Nigeria - The Ministry of Livestock Development has announced its intention to empower 1,000...

READ ALSO
INEC Launches AI Division to Enhance Electoral Processes, Address Challenges
BY Abiodun Saheed Omodara May 23, 2025 0

ABUJA, Nigeria - The Independent National Electoral Commission (INEC) has sanctioned the establishme...

READ ALSO
Legal Obligations Remain Despite Threats to Exit Nigeria, FCCPC Rebukes Meta Platforms
BY Abiodun Saheed Omodara May 3, 2025 0

The Federal Government, through its Competition and Consumer Protection Commission (FCCPC), has crit...

OUR CHANNELS:

Gospel Singer Sentenced to Death for Murdering Girlfriend
BY Abiodun Saheed Omodara June 28, 2025 0

A High Court in Lafia, the capital of Nasarawa State, sentenced gospel singer Oluwatimileyin Ajayi t...


Spanish-Brazilian Man Convicted of Murdering 14-Year-Old Schoolboy in London
BY Abiodun Saheed Omodara June 28, 2025 0

Spanish-Brazilian Marcus Monzo has been convicted and faces a life sentence for the murder of 14-yea...


Transition of Tax Collection to NRS Announced, New VAT Sharing Begins January 1, 2026
BY Abiodun Saheed Omodara June 28, 2025 0

President Bola Tinubu signed four tax reform bills into law on Thursday, indicating Nigeria's commit...


Over 50% of Psychiatric Admissions Linked to Drug Abuse in Yola- Psychiatrist
BY Abiodun Saheed Omodara June 28, 2025 0

YOLA, Nigeria - A consultant psychiatrist, Joel Umar, noted that a significant increase in drug abus...


Africa Must Adapt Governance for True Progress- Obasanjo
BY Abiodun Saheed Omodara June 28, 2025 0

ABUJA, Nigeria - Former Nigerian President Olusegun Obasanjo has urged a reassessment of governance...


Tinubu's Meeting Sparks Agreement to Reinstate Fubara as Rivers Governor
BY Abiodun Saheed Omodara June 28, 2025 0

ABUJA, Nigeria - Minister Nyesom Wike and former Governor Simi Fubara have decided to set aside thei...


Afreximbank Advocates for Innovative Financing Structures in South–South Trade
BY Abiodun Saheed Omodara June 27, 2025 0

The President and Chairman of the Board of Directors of the African Export-Import Bank, Prof. Benedi...


Nigerian Authorities Rescue 31 Victims Lured from Ghana
BY Abiodun Saheed Omodara June 27, 2025 0

ABUJA, Nigeria - A total of 46 victims of trafficking have been rescued by agents from the National...


Tinubu Signs Four Tax Reform Bills to Transform Nigeria's Fiscal Framework
BY Abiodun Saheed Omodara June 28, 2025 0

ABUJA, Nigeria - President Bola Tinubu has enacted four tax reform bills that focus on crucial aspec...


Diddy Trial: Closing Arguments to Highlight Allegations of Racketeering and Sex Trafficking
BY Abiodun Saheed Omodara June 27, 2025 0

Following weeks of meticulous testimony in the high-profile trial of Sean “Diddy” Combs,...


More Articles

Load more...

Menu