The US electric car start-up Rivian posted a net loss of 1.71 billion US dollars in the second quarter of 2022. However, Rivian was able to significantly increase production – and is also sticking to its annual target of 25,000 vehicles built.
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US EV startup Rivian has announced that it going to make some major cuts to its workforce, claiming inflation and a drive for profitability. Considering the company employs around 14,000 employees, cutting about six per cent of jobs as announced would affect about 840 workers.
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The US electric car start-up Rivian has apparently parted company with its head of production Charly Mwangi. The background is the problems with the production start-up of Rivian’s first two models. In addition to the personnel change, production is also to be restructured.
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Rivian has presented its business figures for the fourth quarter and the 2021 fiscal year. Due to the expenses for the production ramp-up, the loss increased enormously. As deliveries are still at a manageable level, sales are still low.
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US-based electric car startup Rivian has raised prices for its first two models, the R1T and R1S, by up to 20 per cent; initially not only for new customers but also for existing reservation holders.
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US electric car start-up Rivian has ramped up production of its debut model R1T to around 200 units per week, according to insiders. The production ramp-up had previously been bumpy, although the company had postponed the start of production and deliveries several times.
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Rivian has postponed deliveries of its R1T and R1S models with the largest battery to 2023. The reason is that most of the approximately 71,000 pre-orderers of the R1T and R1S in the US and Canada have chosen the medium battery option and will be prioritised.
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The US electric car manufacturer Rivian is now completing its announced US IPO and placing 153 million shares on Wall Street at 78 US dollars each. Rivian is now listed on the Nasdaq Global Select Market under the ticker symbol RIVN.
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Rivian has finally made its first electric pickup truck, the RT1 – that’s after the US EV start-up had twice postponed the start of deliveries. According to CEO RJ Scaringe, the first customer vehicle has now rolled off the production line.
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The electric car manufacturer Rivian has filed its documents for an IPO with the US Securities and Exchange Commission (SEC). Furthermore, Rivian wants to carry out the IPO on its own and not, like many other eMobility companies, merge with an exchange shell.
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After its R1T pickup and R1S SUV, the US electric car start-up Rivian is planning six more models by 2025. Appropriately, the company has now registered six new model names under trademark law.
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The US start-up Rivian, backed by Amazon and Ford among others, wants to sell its electric vehicles in Europe from the beginning of 2022. The company confirmed this in an email to a potential European customer.
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The electric car start-up Rivian, which is supported by Amazon and Ford, among others, has slightly postponed the start of deliveries for the Launch Edition of its R1T electric pickup from June to July 2021. The completion of deliveries is announced for spring 2022.
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US electric car start-up Rivian Automotive has selected Samsung SDI to supply the battery cells for its first two models, the R1T electric pickup and R1S electric SUV. Rivian has not yet disclosed further details on the volume and duration of the supply contract.
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Electric car startup Rivian is reportedly close to closing a multi-billion dollar financing round. According to a media report, the new investments are expected to bring Rivian a valuation of 25 billion US dollars (around 20 billion euros).
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The US startup Rivian has announced that the ‘Launch Edition’ of its two models R1T and R1S have already sold out. Orders have also come in for the following top model with the 180 kWh battery.
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The US startup Rivian will open the configurator for its R1T and R1S models on 23 November, and even earlier on 16 November for pre-orderers. The first available model is the Launch Edition, followed by the basic version in 2022. The electric pickup with a 180-kWh battery and a range of over 640 kilometres will […]
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The electric car manufacturer Tesla has filed a lawsuit against the startup Rivian, in which the Californians accuse the competitor of having stolen trade secrets. Tesla sees an “alarming scheme” to poach important employees.
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The relative newcomer in the electric vehicle space, Rivian, has raised another 2.5 billion dollars in its latest round of funding. Existing investors BlackRock and Amazon chipped in again with others joining in this time, among them the fund of George Soros.
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After the US electric car startup Rivian had interrupted production preparations for its two debut electric cars due to the Covid 19 pandemic, it is now clear that the plan to start production and deliveries before the end of the year cannot be kept.
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The US electric car manufacturer Rivian has raised 1.3 billion dollars in a new round of financing. The financing round was led by the fund company T. Rowe Price, Blackrock and included previous investors, Amazon and Ford.
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