Rivian Boosts EV Output Despite Supply Chain Snags
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.
Rivian Cancels Price Hikes for Existing Customers After Outcry
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.
Georgia County Lands Two EV Development Projects
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, 2022Rivian Plunges Below IPO Price on Mounting EV Competition
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.
Rivian Officially Announces Georgia Site of Plant
ATLANTA — Rivian Automotive was attracted to Georgia’s education system, resources and talent when choosing a site for its $5 billion battery and assembly plant, a company official said Dec. 16 as the project was officially announced.
Rivian Stumbles in Earnings Debut With Miss on EV Output
Rivian Automotive Inc. said it expects to fall short of its annual production target as the electric pickup maker gave investors the first look at its operations as a public company.
Rivian Leaps Past Volkswagen’s Valuation Amid EV Mania
A searing five-day rally in the shares of Rivian Automotive Inc. has led the electric truck startup to more than double in value since last week’s trading debut, with its market capitalization now surpassing Volkswagen AG.
Post IPO, Rivian Pursues Stand-Alone Battery Plant
Fresh off a $12 billion initial public offering, Rivian Automotive Inc. is investing in a dizzying array of expansion projects and actively pursuing a site for a stand-alone battery factory in addition to a pair of new vehicle-assembly plants already planned.
Rivian’s Trading Debut Pushes Value to Almost $88 Billion
Rivian Automotive Inc. ended its first day as a public company valued at almost $88 billion, more than tripling its last private valuation after investors piled into 2021’s biggest initial public offering.
November 10, 2021Rivian Set for IPO That Will Rank as Year’s Biggest
Electric vehicle-maker Rivian Automotive Inc. priced shares in its initial public offering at $78 apiece to raise about $11.9 billion, according to people familiar with the matter.