Bloomberg News
Rivian Adopts Tesla’s EV Charging Standard
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Rivian Automotive Inc. will incorporate Tesla Inc.’s electric vehicle charging ports into future automobiles and gain access to its supercharger network, marking another high-profile adopter of technology that is rapidly becoming the industry standard.
The agreement would give Rivian drivers access to more than 12,000 Tesla superchargers across the U.S. and Canada beginning next year, according to a statement June 20. Rivian will also incorporate Tesla’s North American Charging Standard port into its existing EV models from 2025 and a future model called R2.
Shares of Irvine, Calif.-based Rivian turned positive on the news, rising 2.8% as of 8:59 a.m. before regular trading in New York. Tesla shares were up less than 1%.
There has been a domino effect of EV makers and charging infrastructure companies shifting toward Tesla’s technology in North America since Ford Motor Co. struck a deal with Elon Musk’s company last month. That was followed shortly by a similar announcement between General Motors Co. and Tesla.
Today we signed an agreement with @Tesla to adopt the North American Charging Standard. This opens charging for Rivian vehicles on Tesla's Supercharger network across the United States and Canada. Access starts as soon as Spring 2024. https://t.co/Z5SBOFytgy pic.twitter.com/fWOMNtpkYs — Rivian (@Rivian) June 20, 2023
Rivian has been building its own network of chargers under the Combined Charging System standard, the other major protocol competing with NACS. It will continue to build out that network, the company said.
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