Ford and Rivian had plans to jointly develop an electric vehicle together, but that idea has been canceled, confirmed both companies to Automotive News. According to Ford CEO Jim Farley, he cited “growing confidence” in the automaker’s ability to “win in the electric space”, in an interview on Thursday with the publication. Farley said Ford’s […]
Rivian’s first electric vans being tested by Amazon may have less range than expected, depending on the HVAC system’s heating and cooling operations. Details were reported from a driver to The Information, citing how the Rivian van’s battery drained 40% faster than normal, when heating or cooling was turned on. Rivan disclosed in recent filings […]
After Rivian’s proposed starting initial public offering (IPO) price of $62, the company landed a starting price of $76, before the company’s stock jumped in the past several days. Rivian has been on a five-day rally, pushing the company’s market capitalization past that of Volkswagen’s, according to Bloomberg. On Tuesday, Rivian’s surged 14 percent, trading […]
Rivian announced on Wednesday its upsized initial public offering of 153,000,000 shares of Class A common stock was set at $78 per share, raising $11.93 billion for the company. The electric automaker backed by the likes of Amazon and Ford, is set to trade under the ticker symbol “RIVN” on the Nasdaq today. The offering […]
In updated securities filings dated Friday, Rivian increased the price range for the 135 million shares it will be offering during its IPO from $57-62 USD to $72-74 USD — reports CNBC. Taking the new price range into account, and assuming underwriters exercise their option to purchase an additional 20.25 million shares, the electric vehicle (EV) […]
As Ford and Amazon-backed Rivian has planned for an initial public offering (IPO) of around $50 billion USD since February, the company has officially announced plans to offer up shares, expected to outsell the initial estimates. Rivian is shooting for a target of $54.6 billion USD in market valuation for its upcoming IPO, offering 135 […]
Rivian may be looking to begin a subscription autonomous driving service, according to new filings that surfaced on Monday. A Form S-1 filing with the Securities and Exchange Commission (SEC) from Rivian alludes to an autonomous driving feature that will reportedly cost about $10,000 USD, according to Teslarati. The filing shows the company’s estimated lifetime […]
After Tesla gained approval to continue fighting Rivian for trade secrets in March, the company is upping the game, saying that Rivian has continued to poach its employees and to steal “highly proprietary” electric vehicle (EV) battery technology. Tesla is claiming that Rivian is still taking Tesla’s intellectual property and employees, saying that the company […]
With its first customer-bound vehicle making it off the production line last month, Rivian is now working on becoming a publicly-traded company. In a Friday filing for a U.S. initial public offering (IPO), the electric vehicle (EV) startup revealed plans to build battery cells in-house — reports Reuters. Rivian currently sources batteries for its all-electric […]
Rivian’s R1T electric pickup truck has finally come to fruition and is making its first round of deliveries to employees, before delivering to preorder customers. The embargo has lifted on first reviews from select media outlets, just weeks before reservation holders are expected to take first delivery of the electric truck. The Rivian R1T rolled […]
After rolling the first production Rivan electric vehicle off its assembly line, along with U.S. regulatory approval to sell its new cars, deliveries will be coming soon for first customers soon. The delivery process will require Rivan customers to download its mobile app, which was released for iPhone and Android users this week, hitting the […]
After gaining full U.S. approval and rolling the first Rivian R1T off the production line, Rivian is already gaining traction in the follow-up to one publication’s adventurous trip in a Rivian R1T. On Monday, Motortrend shared photos and documentation from part two of its Rivian R1T off-road trip across the Trans-America Trail, and the result […]
Rivian has announced it has produced its first customer vehicle, an announcement made on Tuesday morning by CEO RJ Scaringe. “After months of building pre-production vehicles, this morning our first customer vehicle drove off our production line in Normal! Our team’s collective efforts have made this moment possible. Can’t wait to get these into the […]
The U.S. Environmental Protection Agency (EPA) recently posted its official range estimates for the ‘Launch Editions’ of Rivian’s upcoming electric vehicles (EVs), the R1T pickup truck and the R1S SUV. The EPA has rated the R1T at 314 miles, and the R1S at a very slightly higher 316 miles, as announced by Rivian in a […]
With Rivian’s upcoming R1T and R1S already gaining a second factory in the U.S., the vehicles have a lot of momentum going into their first deliveries – and a new endorsement from Motortrend isn’t likely to slow down their oncoming takeover. Aaron Gold of Motortrend shared a review of the Rivian R1T on Tuesday, and […]
