Morgan Stanley’s authoritative analyst, Adam Jonas says
“Look at what Amazon does. “Amazon’s potential partner may be GM or a competitor of GM?”
According to him, two hypotheses are possible.
Amazon invested in two automotive technology companies. The online giant invested $ 700 million in Rivian electric cars, which are believed to be able to compete with Tesla. Another $ 530 million invested in the Aurora starter, which develops autonomous systems. They are similar to those of GM’s Cruise.
Self Driving Trucks
Meanwhile, Amazon is already delivering cargo shipments with self-managed trucks manufactured by Embark.
Amazon’s goal is by 2030 to have at least 50% cargo electrical vehicles
On their side, they have the EX Vice President of General Motors, Alicia Boler Davis.
In answer to Amazon’s decision to Invest, General Motors plans to hire 1,000 people, mostly engineers, over the next nine months.
But for fully developed self-driving cars will take a decade
according to Adam Jonas