Amazon-backed Rivian defies history with plan for 3-in-a-row EV debuts

Rivian hasn’t publicly stated its production goals, but these people said the startup is building annual capacity for about 300,000 vehicles in its plant in Normal, Illinois, and aims to make as many as 40,000 in its first full year—or an average of almost 800 a week. That compares with the nearly 5,000 vehicles a week Tesla manufactured at its factory in Fremont, California, in 2018—the first full year of production for the mass-market Model 3 sedan.

Amazon and Ford Motor Co. are providing financing and operational advice, but output of that magnitude across three different models is a tall

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Rivian Busy With Three Electric Vehicle Launches, Big Future Plans

Rivian is validating early builds of three key electric vehicles launching in the second half of this year, even as CEO RJ Scaringe works on an expanded portfolio. The electric vehicle startup showed how serious it was about mass production when it bought an assembly plant in Normal, Illinois, from Mitsubishi in 2017, and under Scaringe, Rivian didn’t just retool the 2.6-million-square-foot plant, but expanded it by a further 800,000 square feet. Even that might not be enough to handle his future plans.

First Up: Rivian R1T Electric Pickup in June

Pilot versions of the 2021 R1T five-passenger full-size electric

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Is This the Biggest Winner from Rivian Automotive’s Massive IPO?

2020 was the year of the electric vehicle stock! Encouraged by Tesla‘s strong performance, last year saw a deluge of EV automakers debut on the public markets via IPO or via a reverse merger with a special purpose acquisition company, or SPAC.

Still, there was one high-profile holdout: Rivian Automotive. Founder and CEO Robert “RJ” Scaringe downplayed Rivian’s IPO intentions, noting as late as November the company was focused on production in response to an IPO-related question. That’s why investors were pleasantly surprised earlier this month when Bloomberg reported the company was prepping to go public with a possible

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