NEWS COMMENTARY

Amazon officially acquires autonomous vehicle company Zoox

Published:
June 29, 2020
Services:
CPG More...
Priorities:
Asset Management More...
Activities:
Acquisition
by Lewie Roberts
Average importance

A few weeks ago, there were rumors that Amazon would acquire the autonomous vehicle company Zoox. Now that the speculation is officially confirmed with the recent announcement, it will be interesting to see how Amazon engages with the company. Zoox's focus on developing a novel electric vehicle will require manufacturing resources. If Amazon intends to make use of that idea, it will be especially interesting to see if there is any crossover between Zoox and electric vehicle company Rivian, which Amazon is also heavily invested in. Details are sparse at the moment, but clients should monitor the situation for these kinds of developments, as there may be room for manufacturing partnerships.

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