Are investors farsighted or foolhardy? A little of both, in our view—but there’s no question that Wall Street believes in an electric future. EV startup Rivian went public last week, raising nearly $12 billion to give the company a valuation of around $77 billion. Since then, RIVN stock has soared, making the company one of… Read more »
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Here come the electric pickup trucks! Rivian R1T in production, Ford boosts investment in F-150 Lightning
A startup EV-maker has won the symbolic victory of producing the first mass-market electric pickup truck. The first production Rivian R1T electric pickup truck has rolled off the assembly line at the company’s factory in Normal, Illinois. “After months of building pre-production vehicles, this morning our first customer vehicle drove off our production line,” wrote… Read more »
Rivian files for IPO at $80 billion valuation
Rivian Automotive has filed for an initial public offering and is seeking a roughly $80 billion valuation, Bloomberg reports. The Irvine, California-based EV startup has submitted its S-1 registration to the Securities and Exchange Commission, and hopes to make its IPO around the Thanksgiving holiday. Among the thundering herd of EV startups, Rivian is widely… Read more »
Fort Worth offers Rivian $440 million in incentives to build its second EV factory
Rivian, which is nearing production of its eye-catching electric pickup truck, has a factory in Normal, Illinois, and has been actively scouting sites to build a second. Now the city of Fort Worth, Texas, has approved a package of incentives to tempt the EV startup to build its next factory there. The Fort Worth City… Read more »
Rivian to install charging stations at all 56 Tennessee state parks
EV startup Rivian, which plans to bring an electric pickup to market this year, followed by an SUV in 2022, is targeting the outdoorsy set, and part of that plan is to deploy public chargers at national and state parks around the country. Now the EV-maker has partnered with the Tennessee Department of Environment and… Read more »
Samsung SDI to be Rivian’s battery cell supplier
EV startup Rivian has announced that South Korean battery giant Samsung SDI will supply cells for its vehicles. The automaker, which plans to begin production of an electric pickup and an SUV this year, has been working with Samsung throughout the process of developing the new cells. Rivian’s vehicles are aimed at the outdoorsy set,… Read more »
Rivian’s Adventure Network will include 3,500 exclusive DC fast chargers
Rivian’s upcoming R1T pickup and R1S SUV are aimed squarely at the outdoorsy, adventurous set, and the company is building an exclusive charging network to match. The Rivian Adventure Network will be a nationwide network of DC fast chargers that connects cities on popular routes across the US and Canada, and also extends into remote… Read more »
Rivian rushes to ramp production as it prepares to launch 3 EV models
Bringing a new vehicle into production is an undertaking that has bankrupted many a would-be automaker. EV trend-setter Tesla started out with just one low-volume model, and narrowly survived the experience. Electric truck startup Rivian Automotive plans to launch three new vehicles in the space of a few months. Rivian-watchers say the company is counting… Read more »
Rivian Adventure Network may offer 300 kW of charging power
Rivian is targeting the sporty set with its upcoming R1T pickup truck and R1S SUV. The company understands the importance of public charging infrastructure, and it plans to roll out its own network—one that will cater to its target demographic. In addition to fast chargers located in the usual locations along interstate highways, the Rivian… Read more »
Rivian takes an adventurous approach to its charging network
As it prepares for the first deliveries of its R1T pickup truck and R1S SUV, Rivian is taking a page from Tesla’s book, making plans to set up its own public charging network (Tesla wasn’t thrilled about sharing that particular page—in July, it sued Rivian, claiming that the younger company had stolen trade secrets). As… Read more »