Updated Nov. 7, 2023 7:01 pm ET
Electric-vehicle startup Rivian Automotive raised its production forecast for the year and said losses narrowed in the third quarter, as the company tries to increase output after a choppy two-year launch.
Rivian also said Tuesday it was no longer required to sell its electric delivery vans exclusively to Amazon.com and was in talks with other potential customers. The companies were negotiating an end to the exclusivity part of their agreement after the online retailer’s order came in at the low end of a previously communicated range, The Wall Street Journal reported in March. Amazon owns a nearly 17% stake in Rivian.
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