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The subsequent Tesla could also be goal of GM and Amazon, Morgan Stanley says – Information by Automobilnews.eu

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The subsequent Tesla could also be goal of GM and Amazon, Morgan Stanley says


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RJ Scaringe, founder and chief government officer of Rivian Automotive, speaks after unveiling the R1S electrical sports activities utility automobile (SUV).

The Amazon and GM deal would worth Rivian between $1 billion and $2 billion, in line with Reuters on Tuesday.

Morgan Stanley believes Amazon’s involvement represents the e-commerce large seizing the chance to make use of its personal expertise “to form electrical supply automobiles to help its personal logistics efforts,” the agency stated.

“Amazon has spent the previous few years constructing out and increasing its logistics community and not too long ago invested in autonomous driving startup Aurora,” Jonas stated.

As for GM’s involvement, Morgan Stanley pointed to feedback from GM CEO Mary Barra on electrical pickup vehicles. Barra stated GM believes “in an all-EV future,” whereas GMC VP Duncan Aldred stated an electrical pickup truck is “definitely” a chance the corporate is contemplating.

In full, Morgan Stanley may be very bullish on the way forward for electrical pickup vehicles.

“EV powertrains have but to be utilized to essentially the most worthwhile segments the place established US automakers generate revenue and money circulate,” Jonas stated. “We estimate the total sized pickup truck phase accounts for effectively over 100% of world auto revenue for GM and Ford and nearly all of [Fiat Chrysler]’s world revenue.”

The subsequent Tesla could also be goal of GM and Amazon, Morgan Stanley says – Information by Automobilnews.eu
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