Welcome to our dedicated page for Rivian Automotive / De news (Ticker: RIVN), a resource for investors and traders seeking the latest updates and insights on Rivian Automotive / De stock.
Rivian Automotive, Inc. (NASDAQ: RIVN) is an American automotive and technology company that develops and builds battery electric vehicles, along with software and services that address the full lifecycle of the vehicle. The RIVN news feed on Stock Titan aggregates company announcements, production and delivery updates, technology milestones and other disclosures that Rivian publishes through press releases and SEC filings.
Rivian regularly issues news about its electric vehicle production and delivery figures from its U.S. manufacturing operations, including quarterly and annual totals reported alongside guidance updates. Investors and followers can see how the company’s reported vehicle volumes align with its stated expectations and how these figures relate to its capacity expansion in Normal, Illinois and its planned second facility in Georgia.
The company also releases detailed updates on its technology roadmap. Recent communications have highlighted Rivian’s Autonomy & AI Day, the introduction of its custom Rivian Autonomy Processor, its third-generation autonomy computer, and its AI-centric Rivian Autonomy Platform. News items describe features such as Universal Hands-Free assisted driving, plans to integrate LiDAR into future R2 models, and the launch of subscription offerings related to autonomy.
RIVN news also covers strategic initiatives, including the midsize R2 and R3 vehicle lines, the development of a midsize platform, and partnerships such as Rivian’s joint venture with Volkswagen Group for electronic control units and related software. Governance and legal developments, such as securities litigation settlements, executive compensation decisions and amendments to the company’s charter, are disclosed through press releases and Form 8-K filings.
By reviewing Rivian news on this page, readers can follow the company’s reported progress in electric vehicle manufacturing, autonomy and AI, capital markets activity and corporate governance. The feed provides a centralized view of Rivian’s official communications for those tracking RIVN as an automotive manufacturing and technology stock.
Galehead Development has entered into an agreement with Rivian Automotive to develop renewable energy projects tailored to Rivian’s locational and environmental priorities. The collaboration will leverage Galehead's proprietary LandCommand® technology to convert Rivian's 3C Framework into actionable developments. This Framework, launched in 2023 with The Nature Conservancy, commits Rivian to sourcing renewable energy that positively impacts climate, conservation, and communities. Galehead will manage and fund these projects until they mature for off-take agreements. The partnership aims to maximize renewable energy value and simplify the path to agreements, with hopes for broader adoption in the industry.
Rivian Automotive, Inc. (NASDAQ: RIVN) announced its first quarter 2024 financial results, surpassing expectations with vehicle production and deliveries. The company unveiled a new midsize platform, aiming to start R2 production in Illinois in 2026. The retooling upgrade brought cost efficiencies, leading to a higher line rate. Despite negative gross profit, Rivian remains on track for modest gross profit in Q4 2024.
Rivian Automotive, Inc. (NASDAQ: RIVN) has appointed Javier Varela as its new Chief Operations Officer to focus on optimizing operational efficiencies, specifically for the production of the R2 midsize SUV. Varela, who joins Rivian from Volvo Cars, brings extensive experience in the automotive industry and will play a important role in the company's growth and profitability.
Rivian Automotive, Inc. (NASDAQ: RIVN) is set to expand its operations in Normal, IL with an $827M incentive package from the State of Illinois. The funds will be used to increase capacity at its manufacturing plant to produce the highly anticipated R2 midsize SUV. The company's investment will also focus on public infrastructure improvements, job training programs, and city improvement projects to boost the Illinois economy.
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