Electric-vehicle maker Rivian Automotive Inc. is relocating parts of its manufacturing engineering team to its Illinois ...
perhaps with players that grabbed less investor attention than Rivian. Arrival, a UK-based commercial EV startup, has gone through multiple restructurings resulting in layoffs. The company ...
Rivian has said one of its strengths is its cash position. That begs the question of why it has to cut costs. In the most ...
Both Amazon and Rivian have undergone layoffs this year to cut costs ... slowdown have weighed on all automakers, but upstart EV companies in particular. Rivian burned through $6.8 billion ...
Rivian Automotive Inc is relocating parts of its manufacturing engineering team to Illinois to speed up production, the Wall Street Journal reported on Friday, citing a person familiar with the matter ...
Rivian launched production in September 2021. The EV startup based in Irvine ... The automaker has had two rounds of layoffs in the past year, each shedding about 6 percent of staff.
That's why it makes sense to look at adding various other EV industry names to one's portfolio. Rivian began its life as a public company in the consumer light truck market -- a different EV ...
based EV maker burned through $6.6 billion ... To conserve cash, Rivian has conducted two rounds of layoffs and pushed back plans for future business lines, such as its more-affordable R2 line ...
The deal between the two companies was initially inked in 2019, and saw Rivian supply Amazon with 100,000 electric delivery vans. Amazon began using these EV vans for its deliveries last summer ...
Rivian is in discussions with Amazon to dissolve the exclusivity piece of their commercial EV van deal, the WSJ reported this morning, citing unnamed sources. If successful, Rivian would be free ...
The Rivian R1S is an important car, and it will show whether Rivian is a one-trick pony or not. The EV startup aims to replicate the success of other electric car makers, particularly Tesla ...
But Amazon only plans to buy roughly 10,000 EV vans this year, which is at the low end of a range previously provided to Rivian, according to the Journal. An Amazon spokesperson told the Atlanta ...
