Production of Amazon electric vans on April 11, 2022 at the Rivian plant in Normal, Illinois.
Michael Wayland / CNBC
Promotions Rivian Automotive sank on Monday after a message from The Wall Street Journal it is said that the upstart-manufacturer of electric vehicles is suing a key supplier in a court battle that could delay the vans ordered Amazon.
Amazon, a major investor in Rivian, placed an order for 100,000 electric vans last year.
A resident of Ohio is charged in Rivian’s lawsuit, according to the report A group of commercial vehicles about breach of contract with Rivian for the supply of seats for vans, sharply raising prices after signing the contract. Court records said the dispute could affect his ability to deliver vans, as promised, the magazine said.
Commercial Vehicle Group has denied the allegations, according to the report, arguing that it was not obliged to supply the seats at a lower price and that it raised the price after Rivian introduced changes to the seat design.
A Rivian spokesman told CNBC that the Commercial Vehicle Group continues to supply Rivian seats and that the two companies are discussing resolving the dispute. Representatives of the Commercial Vehicle Group did not immediately respond to a request for comment.
Shares of Rivian ended the session on Monday at $ 24.86, down 6.9%.
Read the full report on The Wall Street Journal.