Mar 14, 2023 - 12:33 pm
Rivian wants to end its exclusive deal with Amazon
Rivian wants to offer its electric delivery vans to others in the future and is therefore negotiating with Amazon to lift the exclusivity clause that is part of the companies’ deal. This comes as Amazon’s orders remain allegedly below expectations.
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Mar 2, 2023 - 04:09 pm
Rivian launches major recall for the R1S & R1T
US start-up Rivian is recalling 12,716 of its electric cars. A defective sensor in the seatbelt assembly could cause the front passenger airbag not to deploy in the event. The recalled vehicles were produced between 10 September 2021 and 15 September 2022.
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Mar 1, 2023 - 12:51 pm
Rivian falls deeper into debt
The US electric car start-up Rivian has presented its annual report for the fourth quarter and the full year of 2022. While revenues are increasing along with the deliveries of the vehicles, losses have also continued to rise due to scaling production costs.
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Feb 10, 2023 - 01:35 pm
Ford drops nearly all of their Rivian shares
Ford has sold off a large part of its Rivian shares. According to a notification from Rivian to the US Securities and Exchange Commission (SEC), Ford’s stake in Rivian is now only 1.15 per cent.
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Feb 2, 2023 - 04:17 pm
Rivian prepares to lay off 6% of workforce
US electric car startup Rivian is apparently planning more job cuts. Rivian plans to lay off six per cent of its workforce to cut its ongoing costs, according to a leaked email from CEO R.J. Scaringe to employees.
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Jan 4, 2023 - 11:31 am
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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Dec 13, 2022 - 04:42 pm
Rivian opens tech centre in Belgrade
The US electric car startup Rivian has opened its first location outside North America with a technology centre in the Serbian capital Belgrade. In the long term, 1,200 developers are to be employed there.
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Dec 12, 2022 - 11:57 am
Mercedes-Benz Vans to build EV plant in Poland
Mercedes-Benz Vans has announced its intention to build the world’s first purely electric plant in Jawor, Poland. In future, the large vans will be produced here as a closed model (panel van) on the basis of the new electric platform VAN.EA (Van Electric Architecture). However, the contracts have not yet been signed.
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Nov 28, 2022 - 01:06 pm
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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Nov 15, 2022 - 12:20 pm
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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Sep 8, 2022 - 05:21 pm
Mercedes gears up for electric van production
Mercedes-Benz will launch all new vans with electric motor options starting from 2025. The company has now designated the first plants to produce the next-gen large electric vans in Europe. It is also exploring joint European production with US electric car startup Rivian.
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Aug 12, 2022 - 12:18 pm
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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Aug 10, 2022 - 11:19 am
US car subscription service Autonomy orders 22,790 BEVs
The US electric car subscription service Autonomy has ordered 22,790 electric cars worth around 1.2 billion dollars. The provider, which until now has specialised mainly in Tesla models, has ordered a total of 45 different vehicle models from 17 carmakers – including Tesla again.
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Jul 28, 2022 - 03:37 pm
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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Jul 22, 2022 - 03:05 pm
Amazon is putting Rivian delivery vans on the road
Amazon has begun using Rivian electric vans to deliver packages in the US. The launch will take place in more than a dozen cities, including Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle and St Louis.
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Jun 28, 2022 - 02:38 pm
Rivian opens first charging hubs in the “Adventure Network”
Rivian announced opening the first three sites in its “Adventure Network” today. The US EV maker finally installed charging stations near National Parks and recreational areas in Colorado and California in an attempt to brand an adventurous lifestyle supported by its electric pick-up trucks.
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May 30, 2022 - 04:29 pm
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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May 12, 2022 - 12:53 pm
Rivian broadens quarterly loss year-by-year
The US electric car start-up Rivian has presented its business figures for the first quarter of 2022. The net loss in the first three months of the year was 1.59 billion US dollars, compared to 414 million US dollars in the same quarter of the previous year. Compared to Q4 2021, however, the loss fell.
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Apr 8, 2022 - 02:39 pm
CAM report shows Tesla as top e-mobility innovator
Within the framework of the annually updated ‘Electromobility Report 2022’ of the Center of Automotive Management (CAM), Tesla scored best by a clear margin. Volkswagen and Hyundai follow in second and third place for BEV innovations.
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Mar 14, 2022 - 03:38 pm
Magna loses CEO to Rivian
Contract manufacturer Magna Steyr is losing its CEO. According to media reports, Frank Klein is moving to the US electric car manufacturer Rivian as the new COO to get the struggling production back on track.
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Mar 11, 2022 - 02:35 pm
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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Mar 4, 2022 - 03:38 pm
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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Feb 14, 2022 - 12:32 pm
Soros invests in Rivian Automotive
Soros Fund Management, the investment fund of billionaire George Soros, acquired nearly 20 million shares in electric car start-up Rivian in the fourth quarter of 2021, securities documents show.
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Feb 1, 2022 - 12:53 pm
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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Jan 6, 2022 - 02:24 pm
Amazon to buy “thousands” of electric vans from Stellantis
Amazon today became Stellantis’ first commercial customer for the new Ram ProMaster Battery Electric Vehicle launching in 2023. The merger between FCA and PSA expects the long-term agreement with Amazon to help them put thousands of BEV ProMasters on the road every year.
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Dec 17, 2021 - 05:19 pm
Rivian reveals location of second US plant
Rivian has decided to build its planned second US plant to the east of Atlanta, in the state of Georgia. Once completed, the plant should be able to produce up to 400,000 electric vehicles per year. Construction is scheduled to begin in the summer of 2022 and production is to start in 2024.
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