Tag: Rivian

Rivian reported its first-quarter earnings on Wednesday, beating Wall Street's revenue estimates. This gave investors with an interest in the electric vehicle market a slight boost in confidence following the disappointing results of Fisker and Lucid. For the period of January until March, Rivian's top-line...

Electronic cars company Rivian will try to ram up its production by having more hands on deck at its Normal, Illinois plant. According to The Wall Street Journal, Rivian has been recently making moves to get a large chunk of its engineering team relocated...

Electric car maker Rivian could soon be able to offer its electric delivery vans to other companies besides e-commerce giant Amazon. Multiple reports indicate that the two companies are renegotiating the exclusivity agreement they made several years ago. Back in 2019, Rivian pledged to sell...

Facing weakening demand and supply chain issues, U.S. electric vehicle maker Rivian will attempt to improve its capital position with a massive bonds sale. The company will offer $1.3 billion in bonds to interested investors, according to an announcement made on Monday. Rivian’s offering will...

The electric car maker Rivian believes it can still produce and deliver 25,000 electric vehicles (EV) by the end of the year. But in the process of doing so, the company expects to mount a substantially more significant loss. As part of its second-quarter report,...

Electric car maker Rivian Automotive revealed its second-quarter production numbers this week, and it's safe to say there was a big improvement compared to Q1. According to Rivian, their Normal, Illinois factory produced 4,401 units while 4,467 electric vehicles were delivered to the customers...