Articles from Rivian Automotive, Inc.

Rivian Automotive, Inc. (NASDAQRIVN) today announced fourth quarter and full year 2024 financial results. Rivian reported a gross profit of $170 million in the fourth quarter of 2024, primarily driven by improvements in variable costs, revenue per delivered unit, and fixed costs. Rivian expects these improvements to benefit it over the long-term and position the company well to achieve modest gross profit for 2025. Rivian achieved record revenues in the fourth quarter of 2024 driven by the sale of regulatory credits and software and services revenue growth as well as increasing R1 average selling prices with the increased availability of its Tri-Motor offering.

Rivian Automotive, Inc. (NASDAQRIVN) today announced production and delivery totals for the quarter and full-year ending December 31, 2024. The company produced 12,727 vehicles at its manufacturing facility in Normal, Illinois and delivered 14,183 vehicles during the same period.

Rivian Automotive, Inc. (NASDAQRIVN) today announced that on Wednesday, November 13, 2024, at 7:55 a.m. CT, Rivian CFO Claire McDonough will participate in a fireside chat at Baird's Global Industrial Conference.

Rivian Automotive, Inc. (NASDAQRIVN) today announced its third quarter 2024 financial results. In the third quarter the company produced 13,157 vehicles at its manufacturing facility in Normal, Illinois and delivered 10,018 vehicles during the same period.

Rivian Automotive, Inc. (NASDAQRIVN) today announced production and delivery totals for the quarter ending September 30, 2024. The company produced 13,157 vehicles at its manufacturing facility in Normal, Illinois and delivered 10,018 vehicles during the same period.

IRVINE, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Rivian Automotive, Inc. (NASDAQRIVN) today announced that on Wednesday September 11, 2024, at 10:30 AM PT, Rivian founder and CEO RJ Scaringe will participate in a fireside chat at Morgan Stanley’s 12th Annual Laguna Conference.

IRVINE, Calif., Aug. 30, 2024 (GLOBE NEWSWIRE) -- Rivian Automotive, Inc. (NASDAQRIVN) has today announced that on Monday, Sept 9th, 2024, at 08.50am PT, Rivian’s CFO, Claire McDonough will participate in a fireside chat at the 2024 Goldman Sachs Communacopia + Technology Conference.

Rivian Automotive, Inc. (NASDAQRIVN) today announced its second quarter 2024 financial results, reaffirming all aspects of guidance for the year. During the second quarter, the company made significant progress driving greater cost efficiency, improving its products, further strengthening its balance sheet, validating the differentiated nature of its technology stack, and establishing new business opportunities. Execution during the quarter was strong with the completion of the retooling upgrade at the company’s plant in Normal, IL. As previously reported, the company produced 9,612 vehicles and delivered 13,790.

Rivian Automotive, Inc. (NASDAQRIVN) today announced production and delivery totals for the quarter ending June 30, 2024. The company produced 9,612 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,790 vehicles during the same period.

Rivian Automotive, Inc. (NASDAQRIVN) today announced that it will host an Investor Day on Thursday, June 27, 2024, from 8am CT.

IRVINE, Calif., June 05, 2024 (GLOBE NEWSWIRE) -- Rivian (NASDAQRIVN) has today announced that on Tuesday, June 11, 2024, at 3:25 p.m. EDT, its CFO, Claire McDonough, will participate in a fireside chat at the Deutsche Bank Global Auto Industry Conference.

IRVINE, Calif., May 29, 2024 (GLOBE NEWSWIRE) -- Rivian (NASDAQRIVN), has today announced that at 8.00am EDT on May 30, 2024, its Founder and CEO RJ Scaringe will participate in a fireside chat at Bernstein’s 40th Annual Strategic Decisions Conference.

Rivian Automotive, Inc. (NASDAQRIVN) today announced its first quarter 2024 financial results. As previously announced, the company produced 13,980 vehicles and delivered 13,588, exceeding its outlook with a respective 49 percent and 71 percent increase over the same period last year.

Rivian Automotive, Inc. (NASDAQRIVN) announced today Javier Varela will join as its Chief Operations Officer as the company focuses on optimizing operational efficiencies, including the production of R2, its midsized SUV. Varela joins Rivian from Volvo Cars, where he served as Chief Operating Officer and Deputy Chief Executive Officer. Varela will start at Rivian in August and will report directly to Rivian Founder and Chief Executive Officer RJ Scaringe.

Rivian Automotive, Inc. (NASDAQRIVN) announced today it has received an $827M incentive package from the State of Illinois Department of Commerce & Economic Opportunity, which will allow the company to expand operations at its plant in Normal, IL. The funds from the incentive package will go towards expansion of the plant, improvements in public infrastructure and job training programs for Rivian’s workforce, leading up to the company’s production of its midsized SUV, R2. Rivian will be participating in several city improvement projects to demonstrate its ongoing commitment to investing in the Illinois economy and community.

Rivian Automotive, Inc. (NASDAQRIVN) today announced production and delivery totals for the quarter ending March 31, 2024. The company produced 13,980 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,588 vehicles during the same period.

Second paragraph, last sentence of release dated February 21, 2024, should read: Overall, there was a 147 percent increase in deliveries for the year ended December 31, 2023 as compared to the year ended December 31, 2022 (instead of Overall, there was a 147 percent increase in deliveries for the fourth quarter of 2023 as compared to the fourth quarter of 2022).

Rivian Automotive, Inc. (NASDAQRIVN) today announced production totals for the quarter and full-year ending December 31, 2023. The company produced 17,541 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,972 vehicles during the same period.

Rivian Automotive, Inc. (NASDAQRIVN) and AT&T* have today announced that they have signed an agreement for AT&T to purchase Rivian electric vehicles (EVs) for AT&T’s fleet through a pilot program aimed at cutting transport emissions. AT&T expects to begin adding the Rivian Commercial Van and R1 vehicles to its fleet in early 2024 to begin evaluating the various ways these vehicles help improve safety, reduce costs and cut its carbon footprint.

Rivian Automotive, Inc. (NASDAQRIVN) today announced that on Wednesday, November 29, at 12:00pm ET Rivian’s CFO, Claire McDonough, will participate in a fireside chat at the Barclays Global Automotive and Mobility Tech Conference.

Rivian Automotive, Inc. (NASDAQRIVN) today announced Carlo Materazzo as Vice President, Logistics. Materazzo, who starts at Rivian today, brings more than twenty years of experience in the automotive industry to reinforce Rivian’s journey towards excellence in manufacturing.

Rivian Automotive, Inc. (NASDAQRIVN) has today published a letter to its shareholders containing the company’s third quarter 2023 financial results. The letter is available on its investor relations website (https://rivian.com/investors).

Rivian Automotive, Inc. (NASDAQRIVN) today announced that it will enable other companies to purchase its custom-designed Rivian Commercial Van. This move provides companies all around the world more opportunity to electrify their delivery fleets with a state-of-the-art vehicle, which will help to further reduce CO2 emissions.

Rivian Automotive, Inc. (NASDAQRIVN) announced today that Arnhelm Mittelbach has joined Rivian as its first Georgia Plant Manager. This is a significant addition as Rivian continues to progress on its second manufacturing facility that will be focused on the next generation of Rivian vehicles. Mittelbach started his role on November 1, reporting directly to Chief Operations Officer Frank Klein.

Rivian Automotive, Inc. (Nasdaq: RIVN) (“Rivian”) today announced the pricing of its offering of $1,500,000,000 aggregate principal amount of 3.625% green convertible senior notes due 2030 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The issuance and sale of the notes are scheduled to settle on October 10, 2023, subject to customary closing conditions. Rivian also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $225,000,000 principal amount of notes.

Rivian Automotive, Inc. (Nasdaq: RIVN) (“Rivian”) today announced its intention to offer, subject to market and other conditions, $1,500,000,000 aggregate principal amount of green convertible senior notes due 2030 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Rivian also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $225,000,000 principal amount of notes.

Rivian Automotive, Inc. (NASDAQRIVN) today announced production totals for the quarter ending September 30, 2023. The company produced 16,304 vehicles at its manufacturing facility in Normal, Illinois and delivered 15,564 vehicles during the same period.

Rivian Automotive, Inc. (NASDAQRIVN) today announced that on Thursday September 14, 2023, at 10:30am PT Rivian’s founder and CEO, RJ Scaringe will participate in a fireside chat at Morgan Stanley’s 11th Annual Laguna Conference.

Rivian Automotive, Inc. (NASDAQRIVN) today announced it has appointed Dr. Kjell Gruner as its Chief Commercial Officer and President, Business Growth. Gruner is joining Rivian from Porsche Cars North America, Inc. (PCNA), where he was most recently President and CEO. Gruner starts at Rivian today and will report directly to Rivian Founder and CEO RJ Scaringe. At Rivian, Gruner will oversee Rivian’s commercial function including Sales, Marketing, Customer Care, Delivery, Service, and Fleet.

Rivian Automotive, Inc. (NASDAQRIVN) has today published a letter to its shareholders containing the company’s second quarter 2023 financial results. The letter is available on its investor relations website (https://rivian.com/investors).

Rivian Automotive, Inc. (NASDAQRIVN) announced today that John Krafcik has been named to its board of directors. Krafcik also serves as a member of the company’s audit committee. Krafcik is a seasoned automotive executive with over 35 years of experience in the industry, including his most recent role as CEO of Waymo, an Alphabet company which commercially launched autonomous driving technology in several US markets.

Rivian Automotive, Inc. (NASDAQRIVN) today announced it has named Alan Hoffman as Chief Policy Officer. Hoffman starts at Rivian today and will be responsible for implementing the company’s global public policy and regulatory strategy.

Rivian Automotive, Inc. (NASDAQRIVN) today announced production totals for the quarter ending June 30, 2023. The company produced 13,992 vehicles at its manufacturing facility in Normal, Illinois and delivered 12,640 vehicles during the same period.

Rivian Automotive, Inc. (NASDAQRIVN) today announced it has hired Sarah O’Brien as its Chief Communications Officer. O’Brien is joining Rivian from Meta, where she spent more than four years as Vice President of Executive and Product Communications. O’Brien starts at Rivian today and will report directly to Rivian Founder and CEO RJ Scaringe.

Rivian Automotive, Inc. (NASDAQRIVN) has today announced the acquisition of Swedish mapping company Iternio, developer of the ‘A Better Routeplanner’ (ABRP) app. ABRP is an industry leader in EV trip planning and has a strong community of EV drivers in both North America and Europe. ABRP gives EV drivers the ability to plan and compare routes and charging stop options.

Rivian Automotive, Inc. (NASDAQRIVN) today announced it has signed an agreement with Tesla to provide Rivian drivers access to Tesla’s Supercharger network across the United States and Canada. Central to its mission to electrify and decarbonize transportation, Rivian will also continue to expand its own Rivian Adventure Network.

Rivian Automotive, Inc. (NASDAQRIVN) has today published a letter to its shareholders containing the company’s first quarter 2023 financial results. The letter is available on its investor relations website (https://rivian.com/investors).

Rivian Automotive, Inc. (NASDAQRIVN), along with the Insurance Institute for Highway Safety (IIHS), today announced the electric vehicle builder’s R1S SUV as an IIHS TOP SAFETY PICK+ for the 2023 model year. The award applies to models built after January 2023. R1S joins the Rivian R1T pickup in receiving this designation, meaning both of the company’s flagship consumer vehicles now hold the independent nonprofit’s highest safety award for 2023.

Rivian Automotive, Inc. (NASDAQRIVN) has today announced that Rivian Holdings LLC, a direct subsidiary of Rivian Automotive, has entered into an Amended and Restated asset-based revolving Credit Agreement (A&R Credit Agreement) with JPMorgan Chase Bank as administrative agent. This A&R Credit Agreement amended Rivian’s existing credit agreement dated May 20, 2021.

Rivian Automotive, Inc. (NASDAQRIVN) today announced it has hired Martin Huelder as Vice President for its commercial division in Europe. Huelder joins Rivian from Mercedes Benz, where he has been for nearly 30 years.

Rivian Automotive, Inc. (NASDAQRIVN) today announced it has hired Mike Johnson as its Chief Information Security Officer (CISO). Johnson joins Rivian from Fastly where he was CISO for over 3 years, securing the network and platform of the edge cloud company.

Rivian Automotive, Inc. (NASDAQRIVN) today announced production totals for the quarter ending March 31, 2023. The company produced 9,395 vehicles at its manufacturing facility in Normal, Illinois and delivered 7,946 vehicles during the same period.

Rivian Automotive, Inc. (Nasdaq: RIVN) (“Rivian”) today announced the pricing of its offering of $1,300,000,000 aggregate principal amount of 4.625% green convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The issuance and sale of the notes are scheduled to settle on March 10, 2023, subject to customary closing conditions. Rivian also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $200,000,000 principal amount of notes.

Rivian Automotive, Inc. (Nasdaq: RIVN) (“Rivian”) today announced its intention to offer, subject to market and other conditions, $1,300,000,000 aggregate principal amount of green convertible senior notes due 2029 (the “notes”) in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Rivian also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $200,000,000 principal amount of notes.

Rivian Automotive, Inc. (NASDAQRIVN) has today published a letter to its shareholders containing the company’s fourth quarter and full year 2022 financial results. The letter is available on its investor relations website (https://rivian.com/investors).

Rivian Automotive, Inc. (NASDAQRIVN) today announced it has hired Michael Callahan as its Chief Legal Officer. Callahan is joining Rivian from Stanford University, where he served as Executive Director of the Arthur and Toni Rembe Rock Center for Corporate Governance and Professor of the Practice of Law. Callahan will start at Rivian on February 13 and will report directly to Rivian founder and CEO RJ Scaringe.

Polestar (Nasdaq: PSNY) and Rivian (Nasdaq: RIVN) have collaborated on a ‘Pathway Report' which concludes that the automotive industry is set to overshoot the IPCC’s 1.5-degree pathway by at least 75% by 2050. The two pioneering EV makers initiated the report in response to the climate crisis. The report, which uses existing, open-source data to model the current trajectory for emissions stemming from the car industry, was carried out by global management consulting firm Kearney.

Rivian Automotive, Inc. (NASDAQRIVN) today announced that on February 28th, after market close, the company will release its fourth quarter and full year 2022 financial results.

Rivian Automotive, Inc. (NASDAQRIVN) today announced production totals for the quarter ending December 31, 2022. The company produced 10,020 vehicles at its manufacturing facility in Normal, Illinois and delivered 8,054 vehicles during the same period.

Rivian Automotive, Inc. (NASDAQRIVN) has today published a letter to its shareholders containing the company’s third quarter 2022 financial results. The letter is available on its investor relations website (https://rivian.com/investors).

Rivian Automotive, Inc. (NASDAQRIVN) today announced that at 5:00pm ET after market close on November 9 (11.09.2022) the company will release its third quarter 2022 financial results.

Rivian Automotive, Inc. (NASDAQRIVN) today announced production totals for the quarter ending September 30, 2022. The company produced 7,363 vehicles at its manufacturing facility in Normal, Illinois and delivered 6,584 vehicles during the same period.

Rivian Automotive, Inc. (NASDAQRIVN) has today published a letter to its shareholders containing the company’s second quarter 2022 financial results. The letter is available on its investor relations website (https://rivian.com/investors).

Rivian Automotive, Inc. (NASDAQRIVN) today announced its second quarter 2022 financial results will be released on August 11, 2022, after market close.

Rivian Automotive, Inc. (NASDAQRIVN) today announced production totals for the quarter ending June 30, 2022. The company produced 4,401 vehicles at its manufacturing facility in Normal, Illinois and delivered 4,467 vehicles during the same period.

Rivian Automotive, Inc. (NASDAQRIVN) has today published a letter to its shareholders containing the company’s first quarter 2022 financial results. The letter is available on its investor relations website (https://rivian.com/investors).

Rivian Automotive, Inc. (“Rivian”) today announced the hiring of Anisa Kamadoli Costa as the company’s Chief Sustainability Officer, effective April 18, 2022. Anisa most recently held the position of Chief Sustainability Officer at Tiffany & Co. and Chairman and President of the Tiffany & Co. Foundation. At Rivian, she will be responsible for the company’s sustainability roadmap for both the business and its products, and will help lead Forever, the foundation that Rivian established at its initial public offering with 1% of equity – 8.3 million shares. Anisa is the company’s first Chief Sustainability Officer and will report directly to Rivian’s Chief Executive Officer, RJ Scaringe.

Rivian Automotive, Inc. (NASDAQRIVN) today announced its first quarter 2022 financial results will be released on May 11, 2022, after market close.

Rivian Automotive, Inc. (NASDAQRIVN) today announced production totals for the quarter ending March 31, 2022. The company produced 2,553 vehicles at its manufacturing facility in Normal, Illinois and delivered 1,227 vehicles during the same period. These figures are in line with the company’s expectations, and it believes it is well positioned to deliver on the 25,000 annual production guidance provided during its fourth quarter earnings call on March 10, 2022.

Rivian Automotive, Inc. (NASDAQRIVN) (“Rivian”) today announced the hiring of Frank Klein as Chief Operations Officer, effective June 1st, 2022. Frank most recently held the position of President at Austria-based automotive contract manufacturer Magna Steyr, a subsidiary of Canadian-based Magna International. He will be based in Normal, IL, and will report directly to Rivian’s Chief Executive Officer, RJ Scaringe. Klein succeeds Rod Copes, who retired from the position last year.

Rivian Automotive, Inc. (NASDAQRIVN) today announced its fourth quarter and full year 2021 financial results will be released on March 10, 2022, after market close.

Rivian Automotive, Inc. produced 1,015 vehicles by the end of 2021. 920 vehicles were delivered by that date.

Rivian Automotive, Inc. (NASDAQRIVN) has today published a letter to its shareholders containing the company’s third quarter 2021 results. The letter is available on its investor relations website (https://rivian.com/investors).

Rivian Automotive, Inc. (“Rivian”) today announced the pricing of its upsized initial public offering of 153,000,000 shares of Class A common stock at a public offering price of $78.00 per share. In addition, Rivian has granted the underwriters a 30-day option to purchase up to an additional 22,950,000 shares of Class A common stock at the initial public offering price, less underwriting discounts and commissions. Rivian’s Class A common stock is expected to begin trading on the Nasdaq Global Select Market on November 10, 2021, under the ticker symbol “RIVN.” The offering is expected to close on November 15, 2021, subject to the satisfaction of customary closing conditions.