Thursday, 27 March 2025

Focus on Rivian Automotive

FILE PHOTO: Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez/File Photo
BusinessElectric Vehicles (EVs)ManufacturingNewsPoliticsRegulations

EV companies, battery makers urge Trump not to kill vehicle tax credits

Major EV manufacturers urge Trump to retain tax credits, warning cuts could hurt jobs in key states like Ohio and Michigan.

FILE PHOTO: Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez/File Photo
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNews

Rivian shares surge on $5.8 billion Volkswagen investment in JV

Rivian and Volkswagen's joint venture will integrate advanced electrical infrastructure and software for both companies' future EVs.

FILE PHOTO: Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez/File Photo
AutomotiveBusinessElectric Vehicles (EVs)ManufacturingNews

Rivian, Volkswagen Group launch $5.8 billion joint venture

Rivian and Volkswagen Group's $5.8B joint venture will merge EV software and architecture, targeting future electric models.

Battery cells with the logo of LG Energy Solution are displayed at the company headquarters in Seoul, South Korea, April 23, 2024.   REUTERS/Kim Hong-Ji/File Photo
BusinessElectric Vehicles (EVs)News

LG Energy Solution signs 5-year battery supply deal with Rivian

LG Energy Solution’s Arizona unit has signed a five-year, 67 GWh battery supply deal with Rivian, powering its R2 EVs.

FILE PHOTO: The Rivian logo is shown on one of their new electric SUV vehicles in San Diego, U.S., December 16, 2022. REUTERS/Mike Blake/File Photo
BusinessEconomyElectric Vehicles (EVs)News

Rivian’s quarterly revenue slumps for first time since IPO

Rivian posted its first drop in quarterly revenue on Thursday since the electric vehicle maker went public three years ago.

FILE PHOTO: Electric vehicle chargers from Electrify America are shown in a shopping center parking lot in Oceanside, California, U.S.,October 19, 2023.  REUTERS/Mike Blake/File Photo
AnalysisBusinessElectric Vehicles (EVs)ManufacturingPoliticsRegulations

Automakers brace for new tariffs, EV changes under Trump presidency

Automakers face Trump's tariffs on Mexican imports, potential EV rollbacks, risking billions in green tech and shifting production plans.

FILE PHOTO: Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez/File Photo
AutomotiveBusinessElectric Vehicles (EVs)NewsTransport

EV maker Rivian may report first quarterly revenue drop since IPO

EV maker Rivian's plight comes amid a broader slowdown in electric vehicle demand due to cheaper hybrids.

FILE PHOTO: The logo of Uber is seen at a temporary showroom at the Promenade road during the World Economic Forum (WEF) 2023, in the Alpine resort of Davos, Switzerland, January 20, 2023. REUTERS/Arnd Wiegmann/File Photo
Electric Vehicles (EVs)EmissionsNews

Uber to launch AI assistant powered by OpenAI’s GPT-4o to help drivers go electric

Uber's AI assistant powered by OpenAI's GPT-4 will help drivers transition to electric vehicles, lowering emissions.

FILE PHOTO: A Lucid electric vehicle is shown inside one of the company's retail stores at a shopping mall in San Diego, California, U.S.,October 20, 2023.     REUTERS/Mike Blake/File Photo
BusinessElectric Vehicles (EVs)FinanceIndustryManufacturingNews

EV firm Lucid beats Q3 deliveries estimate as price discounts boost demand

Lucid Group exceeded Q3 delivery estimates, driven by discounts and cheaper financing for its luxury EVs despite economic challenges.

FILE PHOTO: Second-generation R1 vehicles are assembled at electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez
BusinessEconomyElectric Vehicles (EVs)LegislationManufacturingNewsRegulationsTrade

Rivian lowers annual production forecast due to parts shortage

Rivian cut its 2023 production forecast to 47K-49K due to a parts shortage and slowing EV demand, sending shares down four per cent.

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