Teslarati

NOVEMBER 10, 2021

Rivian may only be starting its initial production activities, but the company has already announced some of its ambitious goals for the end of the decade. As per CEO RJ Scaringe in an interview ahead of the company’s market debut on the Nasdaq, Rivian is planning to build at least one million vehicles annually by the end of 2030.

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Electrek

MAY 7, 2021

Lion Electric will build a new manufacturing plant in Joliet, Illinois. The company has committed to an initial investment of at least $70 million over a three-year period, as part of its agreement with the government of Illinois.

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The Truth About Cars

OCTOBER 30, 2023

Stellantis agreed to reopen its Belvidere, Illinois facility to build a new pickup model as part of its tentative deal to end the strike. Stellantis officials agreed to give workers better pay and more benefits, and the company will add another 1,000-plus jobs with a new battery production facility in Belvidere.

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Electric Auto Association

MAY 29, 2021

EV manufacturing Hyundai brings green jobs to Alabama EVs from Hyundai will begin production in Montgomery next year as part of the company's $7.4 Lion Electric announces plans to build electric buses in Joliet, Illinois. billion U.S. investment over the next four years.

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Teslarati

JULY 22, 2021

It would follow the company’s first facility located in Normal, Illinois. The company planned to announce the project this Summer, but the COVID-19 pandemic delayed it. Rivian is still working on completing the first deliveries of its R1T pickup truck, the company’s first vehicle. manufacturing facility.

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Teslarati

OCTOBER 20, 2022

Rivian is holding a job fair on Saturday at its factory in Normal, Illinois. We can get to know them, do everything else here, they will have an R1T or an R1S on site that they can check out and see what they can potentially be building as well. Follow us for interactive news & more. The career fair will be held from 10 a.m.

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Teslarati

APRIL 22, 2024

Rivian recently entered an exclusive global partnership with MEVCO (Mining Electric Vehicle Company), which provides sustainable and efficient electric vehicles (EVs) in the mining industry. The company will also support mines with Rivian R1Ts by developing charging infrastructure, maintaining maintenance, and improving workflows.

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Teslarati

JUNE 4, 2024

Rivian is also preparing to begin production of its recently unveiled R2 line at its factory in Normal, Illinois, which the company announced as a change from initial plans to build the vehicle at an upcoming factory in Georgia.

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Teslarati

NOVEMBER 9, 2021

Rivian ( NASDAQ: RIVN ) has priced its initial public offering (IPO) at $78 per share, valuing the company at $77 billion on a fully-diluted basis. These results were well above the company’s raised expectations. Amazon’s 20% stake in the company would now be worth about $15.4 billion as of this writing.

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Teslarati

FEBRUARY 11, 2024

Rivian says the program is a 16-week foundational training program, offering on-the-job learning from professionals at the automaker’s plant in Normal, Illinois. The company is expected to hold a groundbreaking ceremony for the new factory sometime this year.

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Teslarati

JULY 11, 2022

On July 6, Rivian announced it had produced 4,401 vehicles in Normal, Illinois, in the second quarter, reiterating its goal to build at least 25,000 vehicles this year. As of Q2, the company has produced roughly 7,000 units in the first half of the year. “Our path to EV leadership won’t be easy. I’d love to hear from you!

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Teslarati

SEPTEMBER 15, 2021

Rivian has built its first-ever customer-ready R1T all-electric pickup truck after months of building pre-production vehicles, dialing in manufacturing accuracy. Company CEO RJ Scaringe tweeted photographs of the first-ever R1T built for a customer on Tuesday. Our team’s collective efforts have made this moment possible.

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Teslarati

NOVEMBER 21, 2023

According to a regulatory filing and internal memos cited in a report from Automotive News , all Rivian product teams will now report directly to Scaringe, including workers in areas like software, autonomy and design. “Nick will be advising through 2024.”

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Teslarati

OCTOBER 3, 2022

Rivian produced 7,363 EVs at its facility in Normal, Illinois in the third quarter of 2022, the company announced. It’s planning to build an expansive facility just outside of Atlanta, Georgia. Follow us for interactive news & more. Rivian also delivered 6,584 vehicles during the same quarter.

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Teslarati

AUGUST 3, 2021

Rivian is in talks with UK ministers to build a giant factory. In May, Rivian proposed the addition of two buildings to its 510-acre property in Normal, Illinois. The company also purchased 380 acres near its factory in Illinois and asked Normal to annex the farmland and rezone 320 acres of the plot for industrial use.

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The Truth About Cars

NOVEMBER 20, 2023

The company avoided opportunities to promote itself as the brand that seemed most willing to accommodate the UAW and only brushed against assertions that paying workers more would add to its operational costs. 1 brand again and we want to build on that in 2024. But there’s not much to pick apart in the release. Ford is America’s No.

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Teslarati

JANUARY 5, 2022

Amazon signed a new deal with Stellantis for in-car dashboard software. Rivian shares tanked more than 10% on the news. ” The partnership comes just two months after Rivian’s IPO, which sent shares, and the company’s valuation, skyward. . “Amazon and Stellantis N.V., I’d love to hear from you!

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Teslarati

OCTOBER 29, 2021

E-commerce powerhouse Amazon has disclosed a 20% ownership stake in Rivian , an electric vehicle company from Normal, Illinois, a filing with the SEC reveals. Amazon filed a 10-Q document with the SEC earlier today that summarized the company’s position and financials at the end of Q3 2021. billion and $3.8 Rowe Price.

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Teslarati

MARCH 7, 2024

It is expected to begin deliveries of the new R2 in 2026, but where it is going to be built was a question every viewer of Rivian’s live streamed event on Thursday was pondering. However, the company has struggled with various financials, evident in its most recent Earnings Call. I’d love to hear from you!

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Teslarati

JULY 31, 2021

Electric car company Rivian, based in Normal, Illinois, is eyeing its third vehicle assembly plant to be in the United Kingdom after talks with ministers in the region. billion), not a tall task after the company recently announced its second multi-billion funding round last week. Rivian CEO RJ Scaringe (right).

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Teslarati

JANUARY 27, 2022

The report indicates that some inside sources have stated that production at the company’s Normal, Illinois production plant halted for about a week at the beginning of 2022. Rivian ends 2021 with 1,015 vehicles produced, COO retires from company. The news sent Rivian shares upward around 8%.

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Teslarati

MARCH 10, 2022

The company also was expected to announce a 2022 delivery goal of 40,000 units but suggested guidance of around 25,000 vehicles instead. Additionally, Rivian announced it would build a new manufacturing facility in the United States in Georgia. per share and revenue of $54 million. Wall Street expected Rivian to lose $1.64

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Teslarati

JUNE 17, 2022

Rivian R1 vehicles coming from the company’s Normal, Il plant will soon be delivered to customers with a battery fully charged from wind energy. This is due to the company’s plans to build a large-scale wind turbine at its Normal site. Don’t hesitate to contact us with news tips.

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Teslarati

NOVEMBER 24, 2021

Rivian is an electric vehicle startup based out of Normal, Illinois, and founded by CEO RJ Scaringe. Early owners have commented on tremendous build quality, good software, and fun-to-drive vehicles that are powered by the company’s skateboard battery architecture. I’d love to hear from you!

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Teslarati

APRIL 19, 2022

For the first time, Envoy is launching at a hotel, previously building its EV share offering in multifamily housing communities and office buildings. ” Rental companies have also ventured into the market of electric vehicles recently. including Florida , California , Oregon , Washington , New York, and Illinois.

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Teslarati

MARCH 9, 2024

Rivian is now in discussions about a new incentive arrangement with the state of Illinois, after the electric vehicle (EV) maker unveiled its upcoming R2 SUV earlier this week, now set to be built within the state. The post Rivian in talks with Illinois about incentives ahead of R2 production appeared first on TESLARATI.

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Teslarati

NOVEMBER 15, 2021

The automaker’s stock responded with a slight increase on Monday morning, bringing its total rise as a publicly-traded company to over 44% since it started trading last Wednesday. Rivian to build second U.S. As a result of Kemp’s push, SK Battery America will build a $2.6 assembly plant, location to be determined.

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Teslarati

APRIL 5, 2022

Rivian Automotive announced it produced 2,553 vehicles while delivering 1,227 of them during 2022’s first quarter, reaffirming its goal to build 25,000 all-electric cars this year. “The company produced 2,553 vehicles at its manufacturing facility in Normal, Illinois and delivered 1,227 vehicles during the same period. .”

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Baua Electric

APRIL 8, 2024

Rivian (RIVN) officially shut down production at its Normal, Illinois plant as the EV maker prepares for its next growth phase. The company is upgrading the facility to cut costs and improve efficiency as it looks to expand the brand. Scaringe said the move will accelerate the R2 launch while saving the company $2.25

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Teslarati

JANUARY 13, 2022

As hinted at in a recently shared site plan and map of the project, Rivian’s Georgia site would be an expansive facility that would comprise several massive buildings that span millions of square feet each, as well as interesting sections such as an “Adventure Trail” and a large 144-stall charging station for outbound vehicles.

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Teslarati

MAY 11, 2022

Additionally, one of the company’s largest investors, Ford, revealed it sold millions in Rivian stock this week after reporting a net loss of $3.1 You can also reach me on Twitter @KlenderJoey , or if you have news tips, you can email us at tips@teslarati.com. billion on its investment. I’d love to hear from you!

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Teslarati

FEBRUARY 24, 2022

Rivian may still be dealing with the ongoing chip shortage, but the Rivian CEO believes that the company is still making strides towards raising the production capacity of its Normal, Illinois plant. . Last year, the company produced only 1,015 vehicles from an already conservative target of 1,200 units. PST on the same day.

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Cars That Think

NOVEMBER 19, 2021

Twenty-one years later, in 2015, the IEEE member founded Psyonic , which designs and builds advanced, affordable artificial limbs. I loved everything about engineering, programming, and building things," he says. "I Two years later he was accepted into the Medical Scholars Program at the University of Illinois at Urbana-Champaign.

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Baua Electric

MARCH 7, 2024

The R2 rides on a platform that will leverage economies of scale in a way the R1 lineup hasn’t As the company has said at various times, the R2 is also sized the way it is to allow global market entrance for Rivian, as the R1S and R1T are simply too large for some markets such as Europe. appeared first on Bauaelectric Auto News.

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Teslarati

MAY 12, 2022

While speaking at the Financial Times ‘ Future of the Car summit, Musk stated that many fledgling EV companies today are actually adopting the wrong approach. . To start a car company is mega pain. He then advised that new EV makers should start small so that mistakes can be made early and at a small scale.

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Teslarati

JULY 21, 2022

Fighting the effects of climate change requires constant innovation and action, and Amazon is partnering with companies who share our passion for inventing new ways to minimize our impact on the environment. Rivian builds its vehicles in Normal, Illinois. Rivian reaffirmed its commitment to this goal earlier in July.

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Teslarati

DECEMBER 6, 2021

The potential for Rivian’s stock, according to the two analysts, indicates the widespread potential of the EV sector as a whole, regardless of the company. Rivian is the first company in the automotive sector to launch an all-electric pickup, beating Tesla, GMC, and Ford. I’d love to hear from you!

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