RJ Scaringe, CEO of electric vehicle manufacturer Rivian, warns that the industry may soon face a shortage of batteries for electric vehicles, which he says will overcome the current shortage of microchips. According to the Wall Street Journal, automakers are trying to obtain raw materials from limited supplies of goods such as cobalt, lithium and […]
Tag: Rivian
Rivian to build its second electric vehicle plant in the USA
Amazon-backed electric car maker Rivian Automotive said late last week that it would build a $ 5 billion plant in Georgia. This will be Rivian’s second assembly plant in the United States. The plan is to employ more than 7,500 people at the Rivian plant in Georgia and will produce 400,000 cars a year. It […]
Ford and Rivian abandon plan to jointly develop electric vehicle
Rivian will produce electric Ford or Lincoln SUVs Ford and Rivian no longer plan to jointly develop an electric vehicle. In an interview with Automotive News, Ford CEO Jim Farley said his company would go it alone, targeting 600,000 units per year by the end of 2023. With a $ 500 million investment in Rivian […]
Ford and Rivian cancel plans for joint development of electric vehicle
Ford Motor and Rivian no longer plan to jointly develop an electric vehicle, the companies confirmed on Friday, according to CNBC. The two companies had initially announced the development of a joint vehicle when Ford invested $ 500 million in Rivian in 2019. According to Ford spokesman Ian Thibodeau, the company will continue to maintain […]
Rivian continues rally after IPO and is already the third most valuable car industry
By Alan Ohnsman Rivian, the most funded start-up electric vehicle company in U.S. history, continues its rally in the stock market after its debut on the Nasdaq dashboard a few days ago – with the result that the company from Irvine, California has already won the title of the third most valuable car in the […]
Tesla: ‘Dive’ 15.4% per week – Worst performance in 20 months
Tesla shares fell 15.4% in the week after today’s closure of Wall Street, in the wake of stock sales by the company’s CEO, Elon Musk. The decline is the worst weekly performance of the Tesla stock in the last 20 months and the worst performance in its history, except for the declines that occurred in […]
After the initial public offering, Rivian capitalization exceeded $ 100 billion
Rivian Automotive is up 53% from its starting price since its debut on the Nasdaq today. Their combined value exceeded $ 100 billion, making Rivian’s largest IPO this year. In fact, Rivian is now the second largest automaker in the United States by market capitalization, second only to Tesla, which is worth $ 1.01 trillion. […]
Rivian’s capitalization at $ 86 billion – Nasdaq debut 29%
LAST UPDATE: 23:50 The Rivian Automotive electric vehicle industry – backed by Amazon and Ford – made its debut on the Nasdaq dashboard, ending its first session with a 29% “jump” and securing a valuation of 86 billion. dollars after the largest initial public offering for the current year. Based on this valuation, Rivian is […]
First Electric Truck Maker Prepares For IPO: Rivian Targets $ 60 Billion
Electric vehicle company Rivian Automotive is preparing for an initial public offering (IPO). The company is aiming for a valuation of $ 54.6 billion, and in the best case scenario, the amount could rise to $ 60 billion. The startup said it plans to offer 135 million shares at prices ranging from $ 57 to […]
The first serial electric truck passed the “Hell’s Gate”, which is not within the power of all modified SUVs
We have already published excerpts from the first reviews of the Rivian R1T, which is the first mass-produced electric pickup. And now a video has been published on YouTube in which one of the first owners of the Rivian R1T decided to check out its popular place called “The Gates of Hell”.