Amazon.com Inc., the Seattle, Washington-headquartered world’s No 1 online retailer alongside the world’s fourth-largest conventional automaker Stellantis, a €52 billion mega-merger of French Groupe PSA and American-Italian FCA, said in a joint statement on Wednesday that the entities would partner up to develop smarter autos and delivery vans in collaboration with Amazon’s cloud software, while Stellantis had pledged to deploy electric vans on Amazon.com Inc’s delivery network.
Followed by the announcement, several industry analysts were quoted saying that the accord between Amazon and Stellantis would more likely to help the Seattle retailer grasp a larger bite in transportation industry, while Stellantis could be benefitted from Amazon’s sophisticated and cloud-powered infotainment features which eventually could assist the automaker to shrink its gap with EV industry trailblazer Tesla Inc.
Following the accord, shares’ prices of Milan-listed Stellantis NV had closed out session 4.03 per cent higher to €18.43 apiece after jumping more than 3 per cent in midday trading, though, Amazon.com Inc shares were trading 0.70 lower to $3,326.97 apiece on afternoon US trading ahead of an all-important FOMC minutes.
Amazon & Stellantis team up to develop smarter cars, cleaner vans
Apart from that, Amazon and Stellantis were quoted saying in a joint statement that they would partner up to develop software for Stellantis vehicles’ “digital cockpit,” which the automaker has been planning to roll out by 2024, while Stellantis would be capitalizing on Amazon’s Alexa for “voice controlled features, navigation, vehicle maintenance, ecommerce marketplaces, and payment services.
” Besides, Stellantis also had pledged to add divergences in Amazon.com Inc’s delivery networks by injecting modified electric vans. Nevertheless, Amazon.com Inc already had an accord with Rivian to purchase as many as 100,000 electric vans, while Stellantis had created a JV with Apple assembler Foxconn on mid-2021 in a bid to expand its footprints into in-car and connected-car technologies.