RIVN Forex News

Rivian Unveils R2 SUV; To Save $2.25 Bln With Delay In Georgia Plant

Rivian Unveils R2 SUV; To Save $2.25 Bln With Delay In Georgia Plant

Electric vehicle maker Rivian Automotive, Inc. announced the launch of new EV models, including the much awaited R2 electric sport-utility vehicle or SUV, with a view to tackling slowing vehicle demand and heightened competition in the EV industry. As part of its efforts to preserve cash to produce more affordable vehicles, the company also announced a delay in the construction of its planned $5
RTTNews | 238 days ago
Global Demand For Electric Cars Booming In 2023

Global Demand For Electric Cars Booming In 2023

Global demand for electric cars is booming in 2023 with sales of the vehicles expected to grow by 35 percent this year to reach 14 million from the more than 10 million electric cars sold worldwide in 2022, according to the new edition of the International Energy Agency's annual Global Electric Vehicle Outlook.
RTTNews | 555 days ago
Rivian Produces 9,395 Vehicles In Normal, Illinois Facility In Q1; Delivers 7,946 Vehicles

Rivian Produces 9,395 Vehicles In Normal, Illinois Facility In Q1; Delivers 7,946 Vehicles

Rivian Automotive, Inc. (RIVN) announced Monday that it produced a total of 9,395 vehicles at its manufacturing facility in Normal, Illinois in the first quarter and delivered 7,946 vehicles during the same period. The company said these figures remain in line with its expectations, and it believes it is on track to deliver on the 50,000 annual production guidance previously provided.
RTTNews | 578 days ago
Rivian Recalls 13,000 Electric Vehicles; Stock Down 8%

Rivian Recalls 13,000 Electric Vehicles; Stock Down 8%

Shares in Rivian Automotive, Inc. are slipping more than 8 percent on Monday morning after reports that the electric-vehicle maker is recalling about 13,000 vehicles, almost all of the vehicles it has produced, due to potentially loose fastener to the front steering knuckle.
RTTNews | 753 days ago