Despite cutting around 800 people from its workforce, the electric startup is still looking to ramp up production.
Vineeth Joel Patel2022-07-30 07:00 PT
Electric truck maker Rivian has opened the first three fast charging sites this week in Colorado and California that will be part of its nationwide "Rivian Adventure Network". The Level 3 DC fast charging sites will initially provide over 200 kilowatts of power, allowing Rivian drivers to add as much as 140 miles of range in just 20 minutes.
Eric Walz2022-06-27 16:15 PT
Michigan Governor Gretchen Whitmer was joined today by electric truck maker Rivian and state and local officials near the beaches of Lake Michigan at Holland State Park to celebrate the first opening of approximately 30 electric vehicle charging sites that will be installed at Michigan state parks over the next few years at part of a new collaboration.
Eric Walz2022-05-27 09:45 PT
Deliveries of the Ocean Coast trim will now begin later this fall, while Sand Mode makes Rivian’s more capable over loose terrain.
Vineeth Joel Patel2022-04-30 07:00 PT
Electric truck and SUV maker Rivian has hired Frank Klein as its new Chief Executive Officer (COO) to help fix its production problems, which are stalling deliveries of its electric R1T pickup and R1S SUV. Klein is a former executive at contract manufacturer Magna International, which in the past has built vehicles for BMW, Jaguar and Mercedes Benz under its European division Magna Steyr in Austria.
Eric Walz2022-03-14 12:50 PT
Rivian Chief Executive Officer R.J. Scaringe said at a conference on Thursday that the electric vehicle company is "making progress" in the increase of production at its factory in Normal, Illinois and the company aims to take a 10% share of the U.S. EV market by 2030.
Eric Walz2022-02-24 15:20 PT
Electric truck maker Rivian signed a seven year lease on a 327,000 sq ft distribution center in South Louisville, KY after it was acquired by real estate firm JLL Income Property Trust for $39.5 million. The location is a short drive from major distribution hubs including UPS Worldport 5.2 million square feet airport hub, UPS Centennial Hub, which is one of the largest UPS sorting facilities in the U.S. and Louisville International Airport.
Eric Walz2022-01-12 15:45 PT
Throughout 2022, Rivian will be prioritizing its standard “Large” battery pack that offers 314 miles.
Vineeth Joel Patel2022-01-01 06:50 PT
The first set of vans, called the EDV 700, are starting to be delivered to Amazon this month.
Vineeth Joel Patel2021-12-19 07:15 PT
Amazon-backed electric vehicle maker Rivian started notifying customers who have reserved the R1S SUV of extended delivery delays, several media outlets reported on Wednesday. Rivian shares fell 4.5% to $114.31 in afternoon trade as investors fear that Rivian won’t be able to fulfill orders for the R1T and R1S SUV as promised.
FutureCar Staff 2021-11-24 11:00 PT
On Tuesday, Illinois Governor JB Pritzer signed the “Reimagining Electric Vehicles in Illinois Act” into law, which aims to incentivize electric vehicle production across the state. The state is home to Rivian’s electric vehicle factory, which is currently building the Rivian R1T pickup as well as electric delivery vans for e-commerce giant Amazon.
Eric Walz2021-11-18 12:45 PT
Additionally, the company plans to come out with fleet versions of the R1T and R1S to compete with Ford’s F-150 Lightning.
Vineeth Joel Patel2021-11-13 07:30 PT
Shares of Amazon-backed electric truck maker Rivian are set to begin trading on the NASDAQ on Wednesday under the symbol “RIVN” in one of the most anticipated IPOs in recent years. Rivian is offering 135 million shares to underwriters at $78 a piece, with the options to purchase an additional 20.25 million shares. The $78 stock price values Rivian at nearly $70 billion, but that figure will likely climb higher based on investor interest.
Eric Walz2021-11-10 10:00 PT
According to an amended SEC filing on Nov 5, electric truck maker Rivian said it had had approximately 55,400 R1T pickups and R1S SUV pre-orders in the U.S. and Canada as of October 31, 2021. But based on the company's current production forecasts, it expects it won't be able to fill the pre-order backlog until the end of 2023.
Eric Walz2021-11-09 10:00 PT
E-commerce giant Amazon is now worth roughly $1.7 trillion, which has made its founder Jeff Bezos one of the richest people on the planet. Amazon is also a backer of electric vehicle startup Rivian and could help the company take on Tesla in the electric vehicle space.
Eric Walz2021-10-20 15:00 PT
On Wednesday, Reuters reported that electric truck startup Rivian is aiming to raise between $5 billion and $8 billion with its upcoming IPO later this year. The company is seeking a valuation of about $80 billion in the listing, which would make it more valuable than U.S. automakers Ford Motor Co and General Motors.
FutureCar Staff 2021-09-15 11:50 PT
The EPA has completed its range testing on Rivian’s all-electric vehicles and they’re both rated at above 300 miles.
Vineeth Joel Patel2021-09-11 07:15 PT
Rivian CEO RJ Scaringe claims that the automaker is on track to begin delivering its all-electric R1T pickup truck in September.
Vineeth Joel Patel2021-08-28 17:00 PT
Electric truck maker Rivian, a company backed by e-commerce giant Amazon and Ford Motor Co., has filed paperwork for an IPO, in one of the most anticipated Wall Street debuts in the auto industry since Tesla went public in June 2010.
FutureCar Staff 2021-08-27 11:15 PT
Vineeth Joel PatelAug 07, 2022 10:00 PM PT
Vineeth Joel PatelAug 07, 2022 7:30 AM PT
Vineeth Joel PatelAug 06, 2022 7:00 AM PT