Rivian News Updates

GovernmentBusinessTechnologyAutonomous

Rivians EV Factory Remains Constrained by Chip Shortage

Rivian Automotive Inc.s launch mode is impressive at least on its trucks. The assembly lines are perfectly capable of cruising speed; they just need more computer chips.

April 18, 2022
BusinessFuel

Rivian Boosts EV Output Despite Supply Chain Snags

Rivian Automotive Inc. produced 2,553 vehicles in the first quarter as the maker of plug-in trucks contended with a snarled supply chain and pandemic challenges.

April 5, 2022
BusinessFuel

Rivian Cancels Price Hikes for Existing Customers After Outcry

Rivian Automotive Inc. dropped to a record low after the electric-vehicle maker rolled back price increases on its debut cars for existing customers, marking an about-face as it ramps up production and seeks to win over more buyers.

March 3, 2022
BusinessTechnologyEquipmentFuel

Georgia County Lands Two EV Development Projects

Newton County, Ga., has landed two major electric vehicle development projects that potentially could provide thousands of jobs in the fast-growing suburb east of Atlanta.

January 12, 2022
BusinessTechnology

Rivian Plunges Below IPO Price on Mounting EV Competition

Rivian Automotive Inc., the electric pickup maker backed by Amazon.com Inc., fell below the $78 a share price of its November initial public offering.

January 6, 2022
GovernmentBusinessTechnologyAutonomous

Rivian Officially Announces Georgia Site of Plant

ATLANTA Rivian Automotive was attracted to Georgias education system, resources and talent when choosing a site for its $5 billion battery and assembly plant, a company official said Dec. 16 as the project was officially announced.

December 17, 2021
BusinessTechnologyEquipment

Rivian Stumbles in Earnings Debut With Miss on EV Output

Rivian Automotive Inc. said it expects to fall short of its annual production target as the electric pickup maker gave investors the first look at its operations as a public company.

December 16, 2021
BusinessTechnologyFuel

Rivian Leaps Past Volkswagens Valuation Amid EV Mania

A searing five-day rally in the shares of Rivian Automotive Inc. has led the electric truck startup to more than double in value since last weeks trading debut, with its market capitalization now surpassing Volkswagen AG.

November 16, 2021
BusinessTechnology

Post IPO, Rivian Pursues Stand-Alone Battery Plant

Fresh off a $12 billion initial public offering, Rivian Automotive Inc. is investing in a dizzying array of expansion projects and actively pursuing a site for a stand-alone battery factory in addition to a pair of new vehicle-assembly plants already planned.

November 12, 2021
BusinessTechnologyFuel

Rivians Trading Debut Pushes Value to Almost $88 Billion

Rivian Automotive Inc. ended its first day as a public company valued at almost $88 billion, more than tripling its last private valuation after investors piled into 2021s biggest initial public offering.

November 10, 2021