Rivian Automotive Inc (RIVN) Sector
Consumer Discretionary

(Current) $11.84
-0.43 (-3.5%) Open Price: 12.23

Rivian Automotive Inc is an American electric vehicle (EV) manufacturer that specializes in producing electric trucks and SUVs. The company was founded in 2009 by Robert "R.J." Scaringe under the original name "Mainstream Motors Inc." It later changed its name to Rivian Automotive Inc in 2011. The company's headquarters are located in Plymouth, Michigan, with additional facilities in California, Illinois, and the United Kingdom.

Rivian's primary focus is on developing and producing all-electric vehicles designed for both off-road adventure and urban commuting. The company's flagship models include the R1T electric pickup truck and the R1S electric SUV. These vehicles are built on Rivian's proprietary "Skateboard" platform, which integrates the battery pack, electric motors, and other key components into the vehicle's chassis to optimize space and weight distribution.

Rivian is known for its cutting-edge battery technology and impressive electric range. The R1T and R1S models are designed to offer high-performance capabilities with long-range driving capabilities, making them attractive options for customers seeking electric vehicles with off-road capabilities and versatile usage.

In addition to its electric vehicle production, Rivian has ventured into other business areas. The company announced plans to develop and deploy a custom electric delivery van for Amazon, with the goal of enhancing the e-commerce giant's sustainable last-mile delivery operations.

Rivian has garnered attention and positive reviews from both consumers and industry experts for its innovative vehicle designs and technological advancements. The company's commitment to sustainability and environmental responsibility aligns with its vision to create electric vehicles that contribute to a more sustainable future. With its well-received products and strategic partnerships, Rivian has positioned itself as a prominent player in the fast-growing electric vehicle market.

(11/29/24) $12.23
(12/03/24) $12.27
(12/03/24) (Qty.)40,283,096
(11/29/24) $11.93
(11/29/24) $12.63
(11/10/24) $9.55
(11/10/24) $13.10
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