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Google trend - Rivian

Rivian Stock Spikes After Volkswagen Deal But Investors Should ...

Volkswagen's investment is expected to carry Rivian through the ramp-up of its new, less expensive R2 vehicles in Illinois as well as the midsize EV.

Read more at Forbes


Why VW Inked Major SDV Deal With Rivian

Volkswagen Group strikes a $5 billion deal with electric-vehicle start-up Rivian to supply the German automaker with technology critical to developing ...

Read more at Ward's Auto


Rivian - 10 things to know with detail
  • Background: Rivian is an American electric vehicle automaker and automotive technology company founded in 2009 by CEO RJ Scaringe. The company is headquartered in Plymouth, Michigan, and has manufacturing facilities in Normal, Illinois.
  • Electric Vehicles: Rivian is known for its electric vehicles, including the R1T pickup truck and the R1S SUV. These vehicles are designed for both on-road and off-road performance, with a focus on sustainability and environmental impact.
  • Battery Technology: Rivian's vehicles are powered by advanced battery technology, with a range of up to 400 miles on a single charge. The company uses lithium-ion batteries sourced from various suppliers, including Samsung SDI and LG Chem.
  • Production Facilities: Rivian has a manufacturing facility in Normal, Illinois, where it produces its electric vehicles. The facility was previously owned by Mitsubishi Motors and was acquired by Rivian in 2017. The company also has plans to open a second manufacturing plant in Georgia.
  • Investment and Funding: Rivian has received significant investment from various sources, including Amazon, Ford, and T. Rowe Price. The company has raised over $10 billion in funding to date, making it one of the most well-funded electric vehicle startups in the industry.
  • Timeline: Rivian unveiled its R1T pickup truck and R1S SUV at the Los Angeles Auto Show in 2018. Production of the vehicles began in 2020, with deliveries starting in 2021. The company plans to expand its vehicle lineup in the future, including a delivery van for Amazon.
  • Technology and Features: Rivian's vehicles come equipped with advanced technology and features, including a large touchscreen infotainment system, driver-assist features, and off-road capabilities. The company also offers a suite of connected services, such as over-the-air updates and remote vehicle monitoring.
  • Sustainability: Rivian is committed to sustainability and reducing its environmental impact. The company uses recycled and sustainable materials in its vehicles, as well as renewable energy sources in its manufacturing facilities. Rivian also has plans to develop a network of charging stations for its electric vehicles.
  • Competition: Rivian faces competition from other electric vehicle manufacturers, such as Tesla, Ford, and General Motors. The company's focus on off-road performance and adventure-oriented vehicles sets it apart from its competitors in the market.
  • Future Plans: Rivian has ambitious plans for the future, including expanding its vehicle lineup, increasing production capacity, and entering new markets. The company aims to become a major player in the electric vehicle industry and contribute to the shift towards sustainable transportation.
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