Amazon will buy thousands of pedal-assist cargo vehicles from Rivian spinoff Also
The pedal-assist cargo quad vehicles are narrow delivery vans that can operate in a bike lane.
The pedal-assist cargo quad vehicles are narrow delivery vans that can operate in a bike lane.
The first in a lineup of new vehicles from Also, which started as a skunkworks project inside of Rivian a few years ago.
The U.S. automaker’s technological overhaul will debut in two years with the Cadillac Escalade IQ.
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Archer prevailed in a competitive bidding process that included Ambitious Air Mobility Group and U.S. based Joby Aviation.
Waymo has spent the past several years scaling up its robotaxi business. The partnership with DoorDash could mark a return to delivery.
If the company attracts investors at the top of its announced range, it will have a valuation of about $7.2 billion.
The Chinese AV companies are already traded on the Nasdaq.
Waymo already has ties to the UK, which began after the autonomous vehicle technology company acquired Latent Logic in 2019.
Five new vehicles and a four-cylinder engine will be developed and produced through 2029 as part of investment into factories in Illinois, Ohio, Michigan and Indiana.