Business, Fuel

Rivian Says Production Increased, Keeps Sales Target at 25,000

A Rivian R1T pickup truck on the assembly line A Rivian R1T pickup truck on the assembly line. (Jamie Kelter Davis/Bloomberg News)

Rivian Automotive Inc. said it accelerated production and stepped up sales in the first quarter, keeping the electric pickup maker on track to deliver 25,000 EVs this year.

Ed Ludlow | Bloomberg News
May 11, 2022
Business, Technology, Fuel

Rivian Tumbles After Report of Ford Share Sale at a Discount

Rivian Rivian R1T electric vehicle pickup trucks on the assembly line. (Jamie Kelter Davis/Bloomberg News)

Rivian Automotive Inc. sank 21% after a media report that Ford Motor Co. is selling 8 million of its shares in the electric-pickup maker at a discount.

Stefan Nicola | Bloomberg News
May 9, 2022
Government, Business, Fuel

Rivian Wins $1.5 Billion in State Incentives for Georgia Plant

Rivian's R1T electric vehicle pickup truck Rivian's R1T electric vehicle pickup truck outside the company's manufacturing facility in Normal, Ill. (Jamie Kelter Davis/Bloomberg News)

Electric-pickup maker Rivian Automotive Inc. will receive $1.5 billion in state and local incentives to build a massive plant near Atlanta, bolstering the company’s production efforts despite local resistance to the project.

May 2, 2022
Government, Business, Fuel, TCA

Rivian Reaches Deal in Georgia for Environmental Standards

Rivian electric vehicle plant in Illinois RT1 electric pickup trucks are assembled at the Rivian plant in Normal, Ill. Rivian proposes a similar $5 billion plant in Georgia. (Brian Cassella/Chicago Tribune/Tribune News Agency)

A development authority east of Atlanta has voted to approve an “economic development agreement” for the planned $5 billion Rivian factory, outlining terms with the electric vehicle company, including environmental standards and taxpayer-backed incentives.

J. Scott Trubey | The Atlanta Journal-Constitution
April 28, 2022
Government, Business, Technology, Fuel

Foes Blast Rivian EV Plant at Georgia Meeting

Gov. Brian Kemp stands next to a Rivian electric truck Gov. Brian Kemp stands next to a Rivian electric truck on Dec. 16, 2021 while announcing the company's plans to build a $5 billion plant east of Atlanta projected to employ 7,500 workers. (John Bazemore/Associated Press)

MONROE, Ga. — Opponents trying to derail a $5 billion, 7,500-job Rivian electric truck plant in Georgia dominated a state meeting April 18 that was meant to gather suggestions on how to design the plant to mitigate any impact on the environment.

April 20, 2022
Government, Business, Technology, Autonomous

Rivian’s EV Factory Remains Constrained by Chip Shortage

Rivian plant Rivian assembly line by Jamie Kelter Davis/Bloomberg

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
Business, Fuel

Rivian Boosts EV Output Despite Supply Chain Snags

Rivian R1T electric pickup truck A Rivian R1T electric pickup truck. (Sebastian Hidalgo/Bloomberg News)

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.

Ed Ludlow | Bloomberg News
April 5, 2022
Business, Fuel

Rivian Cancels Price Hikes for Existing Customers After Outcry

Rivian R1T A Rivian R1T electric pickup truck. (Bing Guan/Bloomberg News)

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.

Ed Ludlow | Bloomberg News
March 3, 2022
Business, Technology, Equipment, Fuel

Georgia County Lands Two EV Development Projects

Battery Resourcers' Newton County, Ga., plant Battery Resourcers' $43 million, 154,000-square-foot plant in Covington, Ga., is on track to open in August. (Battery Resourcers)

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
Business, Technology

Rivian Plunges Below IPO Price on Mounting EV Competition

Rivian Plunges Below IPO Price on Mounting EV Competition Rivian's R1S SUV. (Jeff Johnson for Rivian Automotive)

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.

Ed Ludlow | Bloomberg News
January 6, 2022