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.
November 12, 2021Rivian’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, 2021Class 8 Sales Falter in October
Class 8 U.S. retail sales in October fell nearly 10% compared with a year ago as three truck brands grew sales while four could not, WardsAuto .com reported.
November 10, 2021Hyliion Reports Net Loss, No Income for Q3
Hyliion Holdings Corp. reported a wider third-quarter net loss and no revenue as it worked to bring its two electrified powertrain solutions for Class 8 trucks to market.
November 10, 2021Isaac, Trimble Among First to Receive ELD Certification in Canada
A handful of electronic logging devices have now received certification for Canada’s federal ELD mandate.
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.
November 9, 2021Congress Mandates New Car Tech to Stop Drunken Driving
WASHINGTON — Congress has created a new requirement for automakers: Find a high-tech way to keep drunken people from driving cars.
November 9, 2021Rivian IPO Puts Slow Race to Commercial EV to Public Market Test
Eleven years after Tesla Inc. went public with a market value of less than $2 billion, one of its most closely watched competitors is following in its tire treads with a much richer valuation.
November 9, 2021Central Washington Route Upgraded for Agricultural Truck Traffic
State and federal transportation agencies have recently upgraded and reclassified Washington State Route 281 as a heavy truck freight corridor allowing 10 million tons or more of mostly agricultural freight moves per year.
November 8, 2021Self-Driving Software Developer Aurora Goes Public
Self-driving technology company Aurora announced it completed its business combination with Reinvent Technology Partners Y, a special purpose acquisition company.
November 8, 2021