Investors are pouring money into EV companies—as shares in Tesla, Nio and newly public Nikola soar, Rivian, which has attracted loads of media attention for its planned electric pickup and SUV, has raised $2.5 billion in new funding in a round led by T. Rowe Price. The company has raised about $6 billion in funding… Read more »
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Ford cancels Rivian EV project due to “current environment”—development of new gas models continues
We’re learning more about the coronavirus every day. Now it seems that it infects EVs, but not ICE vehicles. Ford and Rivian have canceled their plans to jointly develop an EV for the Lincoln brand, citing the “current environment” around the ongoing coronavirus crisis as the reason. Although development of some of Ford’s new gas-powered… Read more »
Colorado to allow direct sales model—good news for Tesla and Rivian
The tedious and complicated war between Tesla and the auto dealers continues to drag on. At present, the country is a patchwork—some states explicitly allow Tesla’s direct sales model, some explicitly prohibit it, and in others some sort of compromise has been reached. Tesla recently won an important battle in Michigan, and now it appears… Read more »
Amazon and Rivian work together to develop new electric delivery van
Amazon caused quite a stir when it announced an unprecedented order for 100,000 electric delivery vans from Michigan-based Rivian. Would a startup company be able to fill such a large order on such a tight timeline? The first of the new EVs is scheduled to hit the road in 2021, and Amazon hopes to have… Read more »
Lincoln and Rivian confirm partnership to develop new EV
Ford subsidiary Lincoln has formally confirmed that it is working with Rivian to develop a new EV – the partnership was announced last November when Ford invested $500 million in the EV startup. Lincoln’s first fully electric vehicle will join the Aviator and Corsair Grand Touring PHEVs in the brand’s plug-in lineup. The new EV… Read more »
Q&A with Rivian’s VP of Propulsion (Full Interview)
The electromobility revolution is gathering speed, but the world’s EV-makers have fallen behind popular tastes in terms of the form factors auto buyers want, and this has emerged as a roadblock to mass adoption. Buyers love SUVs and pickups, and automakers love the high profit margins associated with these models. Electric SUVs are starting to… Read more »
Rivian raises $1.3 billion in funding
Rivian, an automaker that revealed its prototype electric pickup and SUV in November 2018, has raised $1.3 billion in a recent funding round led by T. Rowe Price Associates. Amazon and Ford also participated in the funding round. Designed as all-terrain EVs, Rivian’s launch products, the R1T pickup and R1S SUV, are notable for their… Read more »
Rivian’s VP of Propulsion: Thermal issues are the dominant limiting factor for maximizing EV performance
Charged recently chatted with Rivian’s VP of Propulsion Richard Farquhar to learn more about the design and development of the company’s unique electric platform (read the whole story in our upcoming issue). Farquhar spent 15 years as Powertrain Director at McLaren Automotive, designing and developing some of the highest-performance propulsion systems in the world for… Read more »
Rivian says its battery pack has the highest volumetric energy density in the world, thanks to its cooling strategy
Rivian has been generating a lot of headlines since the November 2018 reveal of its prototype pickup and SUV. The company has scored substantial investments, including $700 million from a group of investors led by Amazon and another $500 million from Ford. That cash was accompanied by a history-making order of 100,000 electric delivery vans… Read more »
Rivian to provide skateboard chassis for electric Lincoln SUV
Last November, Rivian turned heads with its prototype pickup and SUV. Among those impressed was Ford, which invested $500 million in the EV startup and said it would use Rivian’s custom “skateboard” chassis, which includes electric motors, batteries, controls and suspension, to develop its own EV. Now Ford has announced that its first skateboard vehicle… Read more »