Rivian announced plans to hire “dozens of local workers” at an upcoming Atlanta service center, according to Biz Journals. The automaker will renovate a warehouse beside Atlanta Brewing Co. on Defoor Hills Road to outfit it with a mechanic shop, parts storage, a wash bay, and employee and customer areas, as detailed in a permit […]
After Rod Copes retired as the Chief Operations Officer of Rivian last year, the company has officially selected a replacement to fill the position. Rivian has hired new COO Frank Klein, who is the former President of Austrian automotive manufacturer Magna Steyr, a subsidiary of Canada automotive supplier Magna International, according to a press release. […]
Rivian plans to change the types of electric vehicle (EV) battery cells it uses, the company said on Thursday in a Q4 2021 shareholder letter. Rivian is switching to lithium iron phosphate (LFP) battery cells for its standard vehicles, foregoing the use of nickel and cobalt and following in Tesla’s footsteps, according to CNBC. Beyond […]
Rivian announced its Q4 2021 earnings on Thursday, revealing it had delivered 909 electric vehicles to customers in the quarter. The automaker saw $54 million in revenue, while posting a $383 million loss for the quarter in terms of gross profit. Shares of Rivian are down 12% in after-hours trading to $36 per share. Rivan’s […]
On Thursday, Rivian CEO RJ Scaringe released a press release in which the company apologises for the recent increase in their vehicles, and vows to honour preorder prices. “Earlier this week, we announced pricing increases that broke the trust we have worked to build with you,” the letter opens addressing the negative reaction online from […]
Rivian Automotive CEO R.J. Scaringe said on Thursday that the electric vehicle (EV) startup is “making progress” with the ramp-up of production at its Normal, Illinois, assembly plant — reports Reuters. “We’re absolutely making progress,” he said of the company’s push to boost vehicle production while speaking at the Wolfe Research Global Auto, Auto Tech, and […]
As electric vehicles (EVs) shift to become the primary focus for most automakers, vehicle manufacturing giant Ford says its already seen major gains on a recent investment into another startup automaker. Ford said it made an $8.2 billion Q4 gain on its initial investments into Rivian, after the EV automaker startup debuted its R1T electric […]
Following a report last month detailing Rivian’s plans to construct a second, larger production facility east of Atlanta, Georgia, a new image has surfaced showing what the factory layout is expected to look like. Rivian’s upcoming factory in Georgia is set to be five times larger than the company’s Normal manufacturing facility at around 20 […]
Rivian COO Rod Copes officially stepped down on Monday, after being in the position since March 2020, and just as the company begins ramping up production of the R1S, according to the Wall Street Journal. A Rivian spokesperson confirmed to the WSJ Copes retired from the automaker back in December, and was planned ahead of […]
Rivian announced on Monday more details about its R1S electric SUV, announcing it had its first deliveries last week—but to the company’s CEO and CFO, not customers. “We made our first R1S deliveries last week from our factory in Normal, IL to RJ and our CFO Claire,” said Rivian. “We’re working towards ramping production over […]
Electric automaker Rivian released results of its first quarter as a public company, posting a net loss, while also confirming a second EV plant was coming in Georgia. Rivian posted an operational loss of $776 million and a net loss of $1.23 billion, within its previous guidance range. The company saw a loss of $12.21 […]
Motortrend has picked the Rivian R1T as its Truck of the Year: Long gone are the days when pickups were simply tools. Today they are, and for the better part of this century have been, family cars, luxury vehicles, off-roaders, lifestyle vehicles, and performance cars of all stripes. Each of these new use cases challenged […]
Rivian and the state of Georgia plan to announce the company’s second electric vehicle (EV) factory in the U.S., which will be located in Atlanta — reports The Atlanta Journal-Constitution. Citing sources close to the matter, the publication says Georgia Governor Brian Kemp and Rivian officials will be holding a ceremony next Thursday to announce the […]
According to Yahoo Finance, a recent report from investment firm Morgan Stanley Research names Rivian as “the one” to beat Tesla. Rivian, an electric vehicle (EV) startup backed by eCommerce giant Amazon and veteran automaker Ford, went public on November 10 and raised a whopping $11.9 billion USD in funding at an initial offering price […]
Just as Rivian starts delivering the first models of the R1T to employees, the company has announced delivery delays for reservation holders of the slightly-more expensive R1S, pushing delivery timelines back significantly. Rivian has pushed back deliveries of the R1S Launch Edition electric SUV at least until May or June of 2022, according to emails […]
