Rivian, which caught the EV world’s attention with a prototype SUV and pickup truck, has secured an equity investment of $500 million from Ford. Rivian will remain an independent company, and Joe Hinrichs, Ford’s President of Automotive, will join Rivian’s seven-member board. The two companies will also work together to develop a new Ford EV,… Read more »
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Rivian secures $700 million in new investment round led by Amazon
Amazon will lead a $700-million investment round in EV startup Rivian Automotive. Also investing in this round is Rivian’s long-term investment partner, Saudi auto distributor Abdul Latif Jameel. Although it was reported earlier that GM was also in talks with Rivian, the automaker is not involved in this round. Rivian has been raising eyebrows since… Read more »
Rivian plans to use dealerships to service its electric trucks and SUVs
Following Tesla’s lead, EV startup Rivian, which turned heads at the LA Auto Show with its prototype electric pickup and SUV, doesn’t plan to use traditional dealerships to sell its vehicles in most areas. Buyers will order Rivians directly from the company – it’s already accepting pre-orders, secured by refundable $1,000 deposits. Unlike Tesla, however,… Read more »
Rivian reveals impressive electric pickup truck and SUV
Love ‘em or hate ‘em, pickup trucks are popular – they made up 16% of US auto sales in 2017 (per Trucks.com). If EVs are to move into the mainstream, somebody needs to produce a mass-market pickup. Startups Workhorse, Havelaar and Bollinger have pickups in the pipeline; Tesla has been talking; and Ford finally feels… Read more »
Rivian appoints five executives, prepares to launch its first EV in 2020.
EV startup Rivian, which has facilities in Michigan, California and Illinois, plans to introduce its first EV, a five-passenger pickup, in 2020, followed by a seven-passenger SUV. The company recently announced the appointment of five new executives. Mark Vinnels has joined the company as Executive Director of Engineering and Vehicle Programs. Prior to joining Rivian,… Read more »
Yet another EV startup: Rivian buys Illinois Mitsubishi plant
Another secretive startup, another web site with pix of smiling multicultural techies and vaguely-worded flights of eloquence about redefining the automobile. But now Rivian Automotive has taken a concrete step towards realizing its dreams, buying a 2.4-million-square-foot former Mitsubishi factory in Normal, Illinois. According to county records, the company paid $2 million for the 500-acre… Read more »
Developing standards for EV charging reliability
Q&A with Frank Menchaca, President of SAE International’s Sustainable Mobility Solutions The reliability—or rather, the unreliability—of public EV charging stations is nothing less than a scandal, and it’s holding back EV adoption. This tragedy involves a cast of many players—automakers, charger manufacturers, network operators, electric utilities, and often a lot more—and all need to start… Read more »
2024 Volkswagen ID.7 revealed at CES (sort of)
The Passat-sized battery-electric sedan will be sold in North America, Europe, and China Volkswagen debuted the ID.7, the next new model in its growing range of “ID” battery-electric models today, in an event held before the doors of the huge Consumer Electronics Show (CES) in Las Vegas open to the public Thursday. The debut or… Read more »
Amazon to invest a billion euros to electrify its fleet in Europe
Amazon is moving full speed ahead to electrify its European vehicle fleet. The delivery diva will invest a billion euros ($975 million) over the next five years in electric vans, trucks and low-emission package hubs in Europe. Amazon said the plan is to expand its electric van fleet in Europe from the current 3,000 vehicles… Read more »
Cadillac’s ambitious move to an all-electric luxury brand by 2030
The car that once advertised itself as “The Standard of the World” will go all-electric. Can the US luxury brand reinvent itself for a modern era…and for China? Among cutting-edge automotive buyers—the glitterati of Los Angeles, the tech millionaires of Silicon Valley, the finance titans of Wall Street—only one Cadillac is widely recognized. It’s a… Read more »