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Ford is Selling 8 million of its Rivian shares

Ford invests in Rivian
Ford is a 12% stake in the EV startup. Ford’s announcement caused Rivian shares to drop 10%. It’s tough out there, in the ca business. Despite the massive interest, mega funding, and the sixth biggest IPO in U.S. history, Rivian continues to show difficulties...

Rivian Confirms the Construction of a Second Factory

Rivian R1S 3-row all-electric SUV
This isn't the first time we've heard about a second production facility for Rivian. The new player in the electric car industry just made it official by confirming the construction of a second assembly plant in the state of Georgia. Rivian, which will invest five...

Planned Rivian Factory in Georgia Sparks Controversy

r1s_studio_desktop
The factory will occupy 2,000 acres of farmland The automaker plans to create 7,500 jobs in the state The company has support from local politicians, but many local residents are worried Rivian wants to expand its operations by building a brand-new factory in Georgia...

Brace for Battery Supply Issues: Rivian

Rivian R1T
According to Rivian's CEO, the chip shortage will be nothing compared to the battery problem. Stringent emission rules and heightened demand will put enormous strain on battery production. This will put a severe dent in many governments’ future plans. Numerous countries have announced that...

EVs are Great but the ICE Will Still be Necessary for Years to Come

Battery shortages are to be expected. Demand will continue to outstrip availability forcing buyers into ICE vehicles. Globally, only a few million EVs were sold last year and that proved to be a daunting task. Moving forward, the goal is to deliver tens of...

Rivian Built 2,553 Vehicles Since the Beginning of 2022

Rivian R1T yellow
The company is trying to ramp up its production Rivian is still aiming to produce 25,000 vehicles by the end of the year Out of this number, 1,227 units were delivered Start up automaker Rivian has released its production and delivery figures for the...

Rivian is Working on Many New Technologies, Including an 800 Volt Architecture

Rivian R1T
800 Volt systems, a heat pump and bidirectional charging will be integrated into Rivian vehicles in the coming years The automaker will also offer a new powertrain configuration with a dual motor AWD instead of the Quad motor setup Rivian is also working...

Rivan Reverses Course on Pre-Order Price Increase in Record Time

After bumping pre-order prices $12k, Rivian saw serious pushback Company CEO apologizes for "breaking trust" On March 1st, Rivian announced that it was adding new variants to the company's lineup, and that those variants were coming with a price hike that would affect even...

Rivian Dramatically Increases Pricing

Rivian has reached out to its reservation holders to advise them of the hikes. They are due to “inflationary pressure on the cost of supplier components.” Some increases amount to more than $15,000. Across the board, things are getting more expensive. For all the...

Rivian CEO Says the Company is Making Progress on Production Ramp-Up

Rivian R1T yellow
In January, the start up company made about 200 vehicles per week Production will have to increase to fulfil the demand in a timely manner Rivian aims to have a 10% market share by 2030 Rivian slowly began production of its first models, the...