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.
December 17, 2021BusinessTechnologyEquipment
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.
December 16, 2021BusinessTechnologyFuel
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.
November 16, 2021BusinessTechnology
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, 2021BusinessTechnologyFuel
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, 2021BusinessTechnologyFuel
Rivian 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, 2021BusinessTechnologyEquipmentFuel
Rivian 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, 2021BusinessTechnologyEquipmentFuel
$10 Billion Rivian IPO Would Be Seventh-Largest on Record
Rivian Automotive Inc., the electric truck maker backed by Amazon .com Inc., has elevated the marketed range of its initial public offering to raise as much as $10 billion.
November 5, 2021BusinessTechnologyLogistics
Amazon Stake in Rivian Disclosed as 20%
Amazon .com Inc. owns a 20% stake in electric vehicle maker Rivian Automotive Inc., the startup with which it has placed an order for 100,000 battery-powered delivery vans, the e-commerce giant disclosed Oct. 29 in a securities filing.
October 29, 2021BusinessTechnologyEquipmentFuel
Rivian Sees Deeper Loss on Higher Production Costs for Debut EV
Rivian Automotive Inc., the Amazon.com Inc.-backed electric-pickup maker that is seeking to go public, expects to record a quarterly net loss of up to $1.28 billion due to costs associated with the start of production of its debut truck.
October 25, 2021