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

Rivian has announced its participation in the upcoming Bank of America Securities 2025 Automotive Summit. The electric vehicle manufacturer's Chief Financial Officer, Claire McDonough, will engage in a fireside chat scheduled for Wednesday, April 16, 2025, at 3:50 PM ET. The event will be accessible to interested parties through a live webcast.

Rivian Automotive (NASDAQ: RIVN) has released its Q1 2025 production and delivery figures. The company produced 14,611 vehicles at its Normal, Illinois facility and delivered 8,640 vehicles during the quarter ending March 31, 2025.

These results align with Rivian's previously communicated outlook of approximately 14,000 vehicles produced and 8,000 vehicles delivered. The company has reaffirmed its 2025 delivery guidance range of 46,000 to 51,000 vehicles.

Rivian will release its first quarter 2025 financial results on May 6th, 2025 after market close, followed by an audio webcast at 5:00 p.m. ET to discuss performance and business outlook.

Rivian (NASDAQ: RIVN) has announced the spin-off of its micromobility business into a new company called Also, Inc. The new venture, focused on small, lightweight electric vehicles, has secured a $105 million investment from Eclipse Ventures. Rivian will maintain a substantial minority ownership stake and may collaborate through its retail footprint.

The micromobility program, initially developed in stealth mode, aims to leverage Rivian's expertise in software, electronics, and electric propulsion to create cost-effective and enhanced products. Rivian's CEO RJ Scaringe will serve as Also's Board Chairman.

Meanwhile, Rivian continues to progress toward its R2 launch in Normal, Illinois, with customer deliveries of the new midsize SUV expected to begin in the first half of 2026.

Rivian (NASDAQ: RIVN) has announced that Founder and CEO RJ Scaringe will take part in a fireside chat at the Wolfe Research Virtual Autos Summit. The event is scheduled for Tuesday, March 18 at 12:30 PM ET, with hosts Emmanuel Rosner and Shreyas Patil from Wolfe. The company will provide a live webcast of the discussion.

Rivian (NASDAQ: RIVN) has appointed Sreela Venkataratnam as its new Chief Accounting Officer, effective March 10. With over 25 years of finance and accounting experience, Venkataratnam joins from Tesla, where she served as Vice President of Finance and Business Operations from 2013 to 2024.

In her new role, she will oversee financial reporting, tax and trade, internal controls and compliance, finance transformation management and manufacturing controllership. Her previous experience includes key finance roles at Kleiner Perkins, Intuitive Surgical Inc., and Mercury Interactive Corp.

The appointment comes as Rivian achieved positive gross profit in the fourth quarter, with the company preparing for its upcoming R2 launch.

Rivian and Ben & Jerry's have announced a groundbreaking collaboration to launch electric ice cream trucks built on the Rivian Commercial Van platform. The initiative debuts with two electric 'scoop trucks' at South by Southwest (SXSW) in Austin, Texas, showcasing a modern take on traditional ice cream trucks.

The vehicles, featuring a 161-mile range, will travel across the USA, attending events in Vermont and serving the Rivian community. This partnership aligns with Ben & Jerry's mission for positive environmental impact, leveraging Rivian's recently launched Commercial Van program that helps businesses transition away from fossil fuels.

The collaboration demonstrates Rivian's expansion into commercial fleet solutions while providing Ben & Jerry's with enhanced operational capabilities for events and catering. The electric scoop trucks represent a sustainable approach to mobile ice cream delivery, combining environmental consciousness with improved performance and reliability.

Rivian (NASDAQ: RIVN) reported strong Q4 2024 financial results, achieving a gross profit of $170 million and record revenues. The company produced 12,727 vehicles and delivered 14,183 vehicles in Q4, while full-year 2024 production reached 49,476 units with 51,579 deliveries.

Two major financial developments strengthened Rivian's position: a joint venture with Volkswagen Group worth up to $5.8 billion, and a Department of Energy loan of up to $6.6 billion for their Georgia facility. The company reduced automotive cost of goods sold by $31,000 per vehicle in Q4 2024 compared to Q4 2023.

The company's commercial van program with Amazon reached a milestone with over 1 billion packages delivered in 2024. Rivian has now opened commercial van sales to all U.S. fleet sizes. The company expects modest gross profit for 2025, with the upcoming R2 model's bill of materials projected to be approximately half that of the improved R1.

Rivian (NASDAQ: RIVN) has validated the Autel IA900 system for ADAS Camera/Sensor Calibration and Aiming on its vehicles. The approval allows the system to be used across Rivian's global network of Certified Collision Centers and Calibration Centers.

The IA900 system, introduced in 2022, is the industry's first all-in-one 4-wheel alignment and ADAS calibration unit. It features six high-resolution positioning cameras that enable quick frame and target-to-vehicle setup in about one minute, compared to traditional 45-minute mechanical setups. The system was approved after testing on Rivian R1T, R1S, RCV, and EDV models.

The approval extends to all IA900 Calibration System Packages, including IA900WAT, IA900LDWT, and IA900AST, with accompanying Rivian target packages. Rivian vehicles employ advanced driver safety systems and have consistently received the IIHS's highest safety ratings.

Rivian Automotive (NASDAQ: RIVN) has announced the opening of sales for its Rivian Commercial Van to fleets of all sizes in the US market. The vehicle, which serves as the platform for Amazon's electric delivery van (EDV), features advanced safety systems including automatic emergency braking and 360-degree visibility.

The van is available in two models: the 500 and 700, offering payloads up to 2,663 lbs and a Gross Vehicle Weight Rating up to 9,500 lbs. Rivian's proprietary software manages key functions from vehicle access to charging and acceleration, designed to optimize fleet operations and reduce ownership costs.

Amazon currently operates over 20,000 units in its fleet, having delivered more than a billion packages with these vehicles in 2024. Following successful trials with larger fleets, Rivian is now expanding availability to accommodate orders ranging from single units to thousands of vehicles.