Rivian
The state now prohibits all direct sales except for Tesla. Proposed legislation would allow Rivian and Lucid direct sales, with some requirements.
Rivian is leveraging its second-generation vehicle platform to advance driver-assist features and close the gap with industry leader Tesla.
Rivian CEO RJ Scaringe said the transition to EVs is about transportation technology advances rather than politics.
VW and potentially other traditional automakers are poised get quick and easy access to Rivian's technology and software they have struggled to build independently.
The deal in the waning days of the Biden administration could insulate the loan from attempts to cut back on the Department of Energy’s Loan Programs Office, analysts say.
The Biden administration is poised to finalize billions of dollars in financing for electric-vehicle maker Rivian before President-elect Donald Trump returns to the White House.
For 2024 as a whole, Rivian production fell 13 percent to 49,476 vehicles and deliveries rose 2.9 percent to 51,579 vehicles, the company said.
In recent months, the United Auto Workers reached an agreement with Rivian Automotive Inc. that would make it easier to unionize the company’s workforce — contingent on the electric-vehicle maker ever reaching profitability.
Rivian is calling the Joshua Tree location a “next-generation site” and said it plans to open additional sites in Texas, Colorado, Illinois, Montana, Pennsylvania, Michigan and New York this year.
The factory will produce Rivian’s midsize platform, which underpins the R2 sport utility vehicle and R3/R3X crossover. The facility will be built in two phases.