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

Rivian Automotive, Inc. (NASDAQ: RIVN) has appointed Michael Callahan as its new Chief Legal Officer, effective February 13. Callahan joins from Stanford University, where he held a prominent legal position. Previously, he served as Senior Vice President and General Counsel at LinkedIn, overseeing global legal and regulatory matters. His role at Rivian will focus on supporting the company's growth and sustainability mission, which aims to advance electric vehicles and lower carbon emissions. Callahan expressed enthusiasm about contributing to Rivian's goals during this pivotal time.

The Pathway Report, created by Kearney for Polestar (Nasdaq: PSNY) and Rivian (Nasdaq: RIVN), warns that the automotive sector is on track to exceed IPCC’s 1.5-degree limit by 75% by 2050. The report identifies urgent actions needed to cut greenhouse gas emissions, highlighting that passenger vehicles contribute 15% of global emissions. It urges a multifaceted approach, including accelerating EV adoption, enhancing renewable energy in power grids, and reducing emissions in manufacturing. The report emphasizes collective industry action and presents a financial opportunity for sustainable innovations.

Rivian Automotive, Inc. (NASDAQ: RIVN) will release its fourth quarter and full year 2022 financial results on February 28, 2023, after market close. An audio webcast discussing the performance and outlook will take place at 5:00 p.m. ET on the same day. The live session can be accessed here, with a replay available for four weeks. Rivian aims to advance carbon-neutral energy and transportation through its electric vehicle offerings.

Rivian Automotive, Inc. (NASDAQ: RIVN) reported production totals for Q4 2022, manufacturing 10,020 vehicles and delivering 8,054. For the entire year 2022, the company produced 24,337 vehicles and delivered 20,332. Rivian focuses on creating products to aid the planet's transition to carbon-neutral energy and transportation, offering electric vehicles and a suite of value-added services to enhance customer relationships.

Rivian has announced a pause on its plans to produce electric commercial vans in Europe, discontinuing its Memorandum of Understanding with Mercedes-Benz signed in September 2022. CEO RJ Scaringe stated that the focus will shift towards the current consumer product development and enhancing manufacturing capacity. This strategic move aims to maximize value and capitalize on consumer business opportunities. Rivian continues to emphasize its commitment to electric vehicle production and carbon-neutral energy transition, with flagship products like the R1T and R1S in the consumer sector.

Rivian has signed a power purchase agreement (PPA) for 50 MW of electricity from Apex Clean Energy's proposed Goose Creek Wind farm in Piatt County, Illinois. This marks Rivian's first large-scale procurement, aiming to power 75% of its Normal, Illinois plant with carbon-free energy. The agreement supports Rivian's commitment to the Rivian Adventure Network and Waypoints charging using 100% renewable energy. Rivian plans to reach net-zero carbon emissions by 2040, ten years ahead of the Paris Agreement, reinforcing its sustainability goals within the Illinois clean energy landscape.

Rivian (NASDAQ: RIVN) announced that CEO RJ Scaringe will participate in a fireside chat at the Redburn 2022 CEO Conference on November 29, 2022, at 11:00 AM ET. A live webcast of the event will be accessible here. Rivian focuses on transitioning to carbon neutral energy through its electric vehicles and services.

Rivian Automotive has released its third quarter 2022 financial results, available on its investor relations website. The company is set to discuss these results in an audio webcast today at 2:00 PM PT. Rivian focuses on creating electric vehicles and services aimed at promoting carbon-neutral energy and transportation. Their direct sales model targets both consumer and commercial markets, supplemented by a full suite of proprietary services to enhance customer relationships.

Rivian Automotive, Inc. (NASDAQ: RIVN) announced its third quarter 2022 financial results will be released on November 9, 2022, at 5:00 PM ET. The company will host an audio webcast to discuss its performance and outlook on the same day. Investors can access the live event here, with a replay available for four weeks following the session. Rivian aims to support a transition to carbon neutrality through its innovative electric vehicles and services.