Production of Amazon electric vans on April 11, 2022 at the Rivian plant in Normal, Illinois.
Michael Wayland / CNBC
Shares of Rivian Automotive fell on Monday after the Wall Street Journal reported that an upstart electric vehicle maker is suing a key supplier in a legal battle that could delay vans ordered by Amazon.
Amazon, a major investor in Rivian, placed an order for 100,000 electric vans last year.
The Rivian lawsuit, according to the report, accuses the Commercial Vehicle Group of Ohio of violating a 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.
Shares of Rivian ended the session on Monday at $ 24.86, down 6.9%. Representatives of Rivian and Commercial Vehicle did not immediately respond to requests for comment.
Read the full report in the Wall Street Journal.