Rivian narrowly misses production targets
The American electric car start-up Rivian built a total of 10,020 vehicles in its Illinois plant in the fourth quarter of 2022. In the same period, Rivian delivered 8,054 electric vehicles.
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Rivian delivers first international R1T & R1S in Canada
US electric car startup Rivian has kicked off international deliveries of its R1T and R1S EVs, handing over the first units in Vancouver. Just like the rollout in the US, the first deliveries were to employees, but first customer deliveries are scheduled before the end of the year.
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Rivian reports $1.7 billion in losses over Q3
US American electric car startup Rivian has reported its financial results for the third quarter of 2022. The company generated revenue of $536 million and posted a net loss of $1.72 billion in the reporting period.
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Rivian boosts production to 7,363 vehicles in Q3
The US electric car startup built 7,363 vehicles at its Illinois plant in the third quarter. In the same period, Rivian delivered 6,584 vehicles. The company reiterated its full-year sales forecast.
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Rivian marks over $1.7 billion in losses over Q2 2022
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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Rivian may axe nearly 1,000 jobs
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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Rivian has fired their head of production
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 marks billions in losses for Q4 2021
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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Rivian raises prices and backtracks a bit
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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Rivian aims to manufacture 200 BEVs per week
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 postpones deliveries of large-battery variants until 2023
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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Rivian hits the stock market
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 completes first production vehicle
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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Rivian plans to hit the US stock market
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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Rivian secures naming rights for six further vehicle models
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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Rivian to launch sales in Europe in 2022
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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Rivian postpones first deliveries by several weeks
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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Rivian to source batteries from Samsung SDI
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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Rivian scores in new financing round
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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Rivian’s launch editions quickly sold out
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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Rivian opens configurator and reveals prices
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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Tesla sues Rivian over trade secrets
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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Rivian collects $2.5Bn, says production is on track
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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Rivian postpones delivery launch til 2021
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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Rivian collects 1.3 billion in financing
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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