Rivian Automotive, Inc. / De Stock Price, News & Analysis

Rivian Automotive, Inc. (NASDAQ: RIVN) released its second quarter 2022 financial results, available on its investor relations site. The company will conduct an audio webcast to discuss these results and provide a business update today, August 11, at 2:00 PM PT. Rivian aims to support the transition to carbon-neutral energy and transportation through its electric vehicles and complementary services. For further information on their products and operations, interested parties can visit their website.

Rivian Automotive, Inc. (NASDAQ: RIVN) will release its second quarter 2022 financial results on August 11, 2022, after market close. An audio webcast will follow the release at 2:00 p.m. PT / 5:00 p.m. ET to discuss the results and provide a business update. The live webcast can be accessed here, with a replay available for four weeks on Rivian's investor website.

Rivian Automotive, Inc. (NASDAQ: RIVN) reported production and delivery figures for Q2 2022, producing 4,401 vehicles and delivering 4,467 vehicles at its Normal, Illinois factory. These results align with the company's internal expectations and support its target of 25,000 annual vehicle production.

The press release also includes forward-looking statements that carry inherent risks and uncertainties, advising investors to consider these factors when evaluating future prospects.

Rivian has opened its first three fast charging sites in Colorado and California as part of its Rivian Adventure Network. These Level 3 DC fast chargers can deliver over 200 kilowatts of power, allowing drivers to add up to 140 miles of range in 20 minutes. The sites include Salida, Colorado, and two locations in California, Inyokern and Bishop, enhancing access to popular natural destinations. Rivian's commitment to sustainability is reflected in its use of 100% renewable energy for these chargers, with plans to deploy 3,500 fast chargers across North America.

Rivian plans to install a 2.8-megawatt wind turbine at its Normal, Illinois manufacturing campus to provide renewable energy for charging its R1 vehicles. The turbine is expected to generate around 10 million kilowatt-hours annually, powering about 890 average U.S. homes and avoiding an estimated 177,000 tons of CO2 emissions over 25 years. The project supports Rivian's goal of achieving net-zero carbon emissions by 2040. Rivian is collaborating with Apex Clean Energy for the turbine's construction, having submitted a permit application to the Town of Normal for approval.

On June 16, 2022, at 11:55 am ET, Rivian's CFO Claire McDonough will participate in a fireside chat during the Deutsche Bank Global Auto Industry Conference. A live webcast of the event will be available here. A recording will also be accessible post-event.

Rivian focuses on producing electric vehicles and services aimed at transitioning to carbon-neutral energy and transportation.

Rivian will hold its first annual shareholder meeting on June 6, 2022, at 11:00 am PT / 2:00 pm ET. The virtual event will be accessible here. A recording will be later posted on Rivian's investor relations website. Rivian focuses on creating electric vehicles and services promoting carbon-neutral transportation. More information about its products and services is available on rivian.com.

On June 2, 2022, at 3:30 PM ET, Rivian's founder and CEO RJ Scaringe will speak at Bernstein’s 38th Annual Strategic Decisions Conference.

A live webcast of the event will be available here.

Rivian is dedicated to creating products that facilitate a transition to carbon-neutral energy and transportation through their innovative electric vehicles.

On May 25, 2022, at 11:45 am PT, Rivian's Founder and CEO RJ Scaringe will speak at the 7th Annual Morgan Stanley Sustainable Futures Conference. A live webcast of the event is available here.

Rivian focuses on creating electric vehicles and services aimed at transitioning to carbon-neutral energy. For more information, visit rivian.com.