Rivian Puts Georgia Factory Plans on Pause
Rivian Automotive is pausing plans to build a new multibillion-dollar factory in Georgia, an abrupt reversal aimed at cutting costs while the company prepares to launch a cheaper electric vehicle.
Investors Flee Tumbling EV Upstarts
Investors have all but thrown in the towel on shares of EV startups Rivian Automotive and Lucid Group.
Rivian Plans to Cut 10% of Salaried Staff as EV Rush Stalls
Rivian Automotive Inc. shares fell in early trading after the electric vehicle maker issued a disappointing production forecast and announced another round of job cuts.
Rivian’s Quarterly EV Deliveries Fall Short of Estimates
Rivian Automotive Inc. missed expectations for quarterly electric vehicle deliveries, weighing on the manufacturer’s shares even as production ramped up during the past year.
Rivian Chooses Construction Firm for Georgia EV Factory
Electric vehicle startup Rivian announced Dec. 19 it has chosen the construction firm to build its planned $5 billion factory an hour east of Atlanta.
AT&T to Buy Rivian EVs as Part of Electrification Program
On Dec. 14, Rivian announced that telecommunications giant AT&T will purchase Rivian electric vans as well as vehicles in its R1 platform of trucks and SUVs.
Rivian CEO Adds Product Oversight to Responsibilities
Rivian Automotive CEO RJ Scaringe will take on an expanded role overseeing all product-related functions as the automaker prepares for the next generation of its electric vehicle lineup.
Rivian to End Exclusivity With Amazon
Electric vehicle maker Rivian said Nov. 7 that it will allow other companies to purchase its fleet of delivery vans, ending an exclusive agreement with Amazon.
November 8, 2023Rivian Opens Showroom in Georgia, Plans Factory
Electric vehicle maker Rivian opened a new retail and customer service space in the heart of Atlanta to showcase its vehicles and confirmed plans to break ground on a new Georgia factory.
Rivian Plans to Issue $1.5 Billion in Convertible Debt
Rivian Automotive Inc. shares fell the most ever after the electric-vehicle maker announced plans to issue $1.5 billion in convertible debt.