Rivian News Updates

GovernmentBusinessTechnologyEquipmentFuel

Rivian Reports Profit but Cuts 2025 EV Sales Forecast

Rivian Automotive said its electric-vehicle deliveries this year will fall short of Wall Street estimates as potential policy shifts in Washington threaten to further dampen EV demand.

February 20, 2025
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Rivian Broadens Sales of Van Once Exclusive to Amazon

Rivian said it will sell its electric delivery van designed for Amazon to other customers, a move to boost revenue from fleet operators as consumer demand for battery-powered cars slows.

February 10, 2025
GovernmentBusinessTechnologyFuel

US to Finalize Billions in Funding for Rivian, Plug Power

The Biden administration is poised to finalize billions of dollars in financing for electric vehicle maker Rivian Automotive and hydrogen manufacturer Plug Power.

January 16, 2025
GovernmentBusinessTechnologyFuel

Rivian Quietly Paves Way for UAW Workforce Once Profitable

Under Rivian and the UAW’s confidential pact, the automaker would adopt a neutral stance toward efforts to organize workers at its Illinois factory where its vehicles are made.

December 19, 2024
GovernmentBusinessTechnologyEquipmentFuel

Rivian’s $6.6 Billion Loan Advances EV Factory Timeline

The loan would come from the U.S. Energy Department’s Advanced Technology Vehicle Manufacturing program.

November 26, 2024
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Tesla, Rivian Reach Conditional Settlement in Poaching Suit

Tesla didn’t disclose specifics, but told a California state judge that it expects to seek dismissal of the case by Dec. 24 upon satisfactory completion of the terms.

November 25, 2024
GovernmentBusinessFuel

Tesla, Rivian Drop on Report Trump Wants to End EV Credit

U.S. auto stocks and Asian battery makers fell after Reuters reported President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric-vehicle adoption.

November 14, 2024
BusinessTechnologyFuel

Volkswagen Boosts Bet on Rivian’s EV Tech by $800 Million

Volkswagen and Rivian named leaders for their multibillion-dollar joint venture and showcased a prototype electric vehicle, signaling their commitment even as global EV demand softens.

November 12, 2024
BusinessTechnologyFuel

Rivian Sticks to Q4 Profit Goal Despite Production Setback

The company is on track to meet the closely watched target thanks to a higher mix of premium models boosting revenue per vehicle sold and sales of regulatory credits.

November 7, 2024
BusinessTechnologyFuelLogistics

Rivian Faces Delays, Cuts Production After Supplier Misstep

Rivian miscalculated when communicating supply and demand needs with Essex, its sole supplier of what are essentially copper wires that carry the electric current inside EV motors.

October 7, 2024