Adding that it would use the fleet of electric vans to start delivering packages to customers in 2021.
Why This Matters
The forthcoming Amazon armada of delivery trucks will likely undermine the internet retailer’s reliance on existing delivery services like UPS, Bank of America says.
“We note Amazon’s 100k trucks would be comparable to UPS’ reported 123k package cars & vans,” wrote Bank of America analyst Justin Post. “We think this announcement, along with aircraft leases and shipping facility investment … strongly signal Amazon’s intentions to build out shipping capabilities similar to leading shipping companies.”
Rivian, on its part, says the order will not affect the rollout of its other electric vehicles.