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Search Results Found For: "Rivian"

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 »

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 »

The redesigned federal EV tax credit and other EV-related measures

Unpacking the Inflation Reduction Act The recent passage of the Inflation Reduction Act—a sweeping package of tax, health care and climate measures—was like the happy ending to one of those heartwarming “Save Christmas” stories. We may never know what Machiavellian machinations persuaded Senator Manchin to release Santa Claus, but the merry old elf is coming… Read more »

Voltera launches turnkey infrastructure solution for automakers and fleets

A new company with a star team and plenty of backing from equity firms has joined the rapidly-growing fleet infrastructure space. Newly-launched Voltera provides EV charging facilities as a service—its turnkey solution includes site identification and acquisition, power procurement, facility design and construction, charging hardware deployment, operations and maintenance. Voltera’s customers include “organizations looking to… Read more »

Will the Buy American provisions of the revamped EV tax credit do more harm than good?

Auto industry experts (and others) are beginning to assess the details of the redesigned federal EV tax credit program contained in the Inflation Reduction Act. There’s broad agreement that the changes will help to speed EV adoption, but there’s also concern that some provisions of the law could be counter-productive, at least in the short… Read more »