According to Bloomberg, Volkswagen has made a bold move in the electric vehicle (EV) market, agreeing to invest up to $5 billion in American EV startup Rivian. This partnership aims to accelerate the development of cutting-edge electric vehicle technology and…
Jeep has unveiled its first electric model for the US, the Wagoneer S, a premium SUV with an estimated 300 miles of range. The Launch Edition, the only trim announced so far, starts at $71,995 and goes on sale this…
Lucid Motors, the luxury electric vehicle (EV) company, is cutting about 400 jobs as the EV industry faces slow growth. According to a recent SEC filing, this layoff round will affect 6% of Lucid’s staff by the end of October,…
A Desperate Bid to Survive Electric vehicle (EV) manufacturer Fisker Inc. is closing its Manhattan Beach headquarters and relocating employees to La Palma, Orange County, as part of an effort to stave off bankruptcy. This move is coupled with a…
Rivian Automotive Inc., a once-celebrated name in the electric vehicle (EV) market, has informed California state officials of its plan to implement more layoffs. In a letter dated April 24 to the Employment Development Department, Rivian’s vice president of people,…
Analyst Downgrades Rivian Stock Amid Demand Concerns Rivian Automotive, a key player in the electric vehicle (EV) market, has seen its stock downgraded to ‘Hold’ from ‘Buy’ by Wolfe Research analyst Rod Lache. The downgrade reflects concerns about the company’s…
Imagine a hot new star suddenly facing a stumble on the stage. That’s what happened to Rivian, the electric vehicle (EV) heavyweight that recently faced a record 23% stock drop in a single day since its 2021 debut. What caused…
Rivian Automotive, with its ambition to dominate the American electric vehicle (EV) market, embarked on a journey to engineer a pickup truck that melds sports-car prowess with innovative features. The Rivian trucks, complete with state-of-the-art suspension systems and other amenities…
Earlier today, Rivian shared a short video on X (formerly Twitter) announcing that “R1S with Max pack is now available to configure for Dual-Motor variants, with deliveries starting soon.” Rivian offers a trio of battery options for both the RT1…
In the ever-evolving realm of electric vehicles, Rivian Automotive emerges as a beacon of resilience and ambition. According to a recent report by Reuters, this Irvine-based startup triumphantly outpaced market delivery expectations for the third quarter, underscoring its robust standing…
While Tesla often grabs the headlines, Rivian’s explosive growth in the electric vehicle (EV) domain is nothing short of impressive. According to a report by the California New Car Dealers Association (CNCDA) recently spotlighted the Irvine-based company’s dramatic expansion. Unprecedented…
Rivian CEO Expresses Confidence Amidst Cybertruck Buzz In the high-stakes world of electric vehicles (EVs), competition is heating up. But is Rivian, an EV manufacturer, feeling the pressure from Tesla’s much-anticipated Cybertruck? The answer might surprise you. RJ Scaringe, the…
