Rivian reaches USD 250 million shareholder settlement over IPO pricing claims According to a court filing on October 23, Rivian has agreed to pay USD 250 million to settle a 2022 shareholder class-action lawsuit that claimed the company misled investors about its vehicle prices during its 2021 initial public offering (IPO). The lawsuit alleged Rivian hid the fact that it had underpriced its R1S SUVs and R1T pickups, which later led to unpopular p...

News  Updated at: 2025/10/25

ed to launch in H1 2026 from the plant in Normal, Illinois. In the R2, the mechanism for the rear doors and positioning will be similar to the front doors, one person said. “Safety is at the center of everything we do at Rivian, and R2 is no different,” Rivian said in a statement. “Similar to R1, R2 will meet or exceed all Federal Motor Vehicle Safety Standards, including passenger egress from all doors in the event of a crash or emergency....

News  Updated at: 2025/10/10

o open the Detroit Auto Show. 2026 North American Car of the Year Candidates:  Audi A5  Dodge Charger  Honda Prelude  Kia K4 Hatchback  Mercedes-Benz CLA  Nissan Sentra 2026 North American Truck of the Year Candidates:  Ford F-150 Lobo  Ford Maverick Lobo  Ram 1500 Hemi  Ram 2500  Rivian R1T Quad Motor 2026 North American Utility Vehicle of the Year Candidates:  Acura ADX  Audi Q5  Cadillac Escalade IQ  Cadillac OPTIQ  Cadillac VI...

News  Updated at: 2025/09/23

Rivian recalls 24,214 vehicles in U.S. over highway assist software defect On September 11, Rivian Automotive announced it is recalling certain 2025 R1S and R1T vehicles operating a software version prior to 2025. The recall affects 24,214 vehicles in which the  Hands-Free Highway Assist (HWA) software may fail to correctly identify a lead vehicle. Rivian noted an instance where its Level 2 Rivian’s HWA system was engaged in a 2025 R1S vehicle...

News  Updated at: 2025/09/16

h consumer and commercial vehicles,” Rivian CFO Claire McDonough said on an August 5 earnings call. On the same call, Rivian said it plans to shut the Normal plant down for about three weeks in September as part of the retooling effort for the more affordable, higher volume R2. In addition to the R1T pickup and R1S crossover, Rivian currently produces commercial vans for Amazon and other customers in Normal. (multiple sources on September 5, 20...

News  Updated at: 2025/09/06

Rivian reports 2025 Q2 results, with vehicle deliveries down 22.7% and adjusted EBITDA loss of USD 670 million On August 5, 2025, Rivian announced its second quarter 2025 financial results. During the second quarter, Rivian produced 5,979 vehicles, 37.8% decrease and delivered 10,661 vehicles, 22.7% decrease. Production during the second quarter for both R1 products and commercial vans was limited primarily due to a variety of supply chain comple...

News  Updated at: 2025/08/08

Rivian adds NACS plugs to its Rivian Adventure Network On July 21, Rivian started adding Tesla/NACS cables to its Rivian Adventure Network (RAN), now enabling Tesla vehicles and other brands with NACS ports to charge on Rivian’s charging network. Rivian itself has started adopting NACS charge ports on its 2026 R1T and R1S vehicles, and will make it standard on the upcoming R2 as well. Rivian is in the process of scaling up its network, which cu...

News  Updated at: 2025/07/25

Rivian launches Gen 2 Quad-motor R1T, R1S models with 1,025 hp On July 8, Rivian launched updated variants of its flagship Gen 2 Quad R1T pickup and R1S crossover, producing 1,025 hp and 1,198 lb-ft of torque from four electric motors built in-house at Rivian facilities for the first time. The Gen 2 Quad R1 models accelerate from 0 to 60 mph in about 2.5 seconds. Top trim levels come with an extended battery pack and 374 miles of range. “The ne...

News  Updated at: 2025/07/10

t 1% of the workforce, or less than 150 employees.  Rivian began 2025 with more than 14,800 workers in North America and Europe, according to its annual filing with the Securities and Exchange Commission (SEC). A little more than half of those employees work at the Normal plant, which produces the R1T pickup, R1S SUV, and Delivery 500/700 vans. Rivian cut about 10% of its workforce in early 2024, and another 1% of staff in April 2024. The new R2...

News  Updated at: 2025/07/10

ssociated with the Rivian and Volkswagen Group technology joint venture. Rivian produced 5,979 vehicles in Q2 2025 (down 37.8% from 9,612 vehicles in Q2 2024) at its manufacturing facility in Normal, Illinois and delivered 10,661 vehicles (down 22.7% from 13,790 vehicles in 2024). Production of the R1T, R1S, and Delivery 500/700 delivery vans was limited during the second quarter in preparation for model year 2026 vehicles expected to launch late...

News  Updated at: 2025/07/03

tch to LGES cells produced locally in Arizona by early 2027. Though built on a simpler chassis, the R2 will feature Rivian’s more advanced, third-generation Experience Management Module (XMM) software system, said to offer double the computing power of the XMM2 system used in the first-generation R1 models.  (Rivian posting and other sources on May 6, 2025)...

News  Updated at: 2025/05/13

harge, and a 400km range on a 17-minute charge. The N7 comes standard with a 15.6-inch 2.5K-resolution center console display, a 10.25-inch full-LCD instrument panel, and a Qualcomm Snapdragon 8155 or 8295P chip. It employs the new Nissan OS deeply integrated with the iFlytek SparkDesk and DeepSeek-R1 large models, supporting mobile phone-vehicle interconnectivity. Some variants are available with an Nvidia Drive Orin chip, enabling features such...

News  Updated at: 2025/05/07

ue to create good-paying jobs,” said Illinois Governor JB Pritzker. In addition to the 1.2 million square foot supplier park, construction is well underway for the 1.1 million square foot expansion of the plant necessary for R2 manufacturing, expected to begin in 2026. Rivian currently builds the R1S SUV, R1T pickup, Amazon Electric Delivery Van (EDV) and Rivian Commercial Van at the Normal plant. (Rivian release on May 5, 2025)...

News  Updated at: 2025/05/06

Bosch launches Zongheng assisted driving solution lineup Bosch launched the Zongheng assisted driving solution available in basic, upgraded, and supreme versions, which forms a complete lineup of SAE Level 2 assisted driving solutions for superior intelligent mobility experiences for users. Debuted concurrently was a next-generation multi-functional camera. The basic version supports 1V, 3R1V, and 5R1V2U to 5R1V12U (R for millimeter-wave radar, V...

News  Updated at: 2025/04/28

tion handles parking in difficult situations such as slanted or narrow spaces. The 15.6-inch center infotainment screen displays content in 2.5K resolution and is aided by a Qualcomm Snapdragon 8295P processor, those on-board benefit from seamless entertainment and connectivity, as well as DeepSeek-R1 AI integration.  The price of the all-new N7 will be announced later this month. Nissan also plans to export this model in the future. (See Nissan...

News  Updated at: 2025/04/23

acturing facility near Indianapolis, Indiana, with a target price of around USD 25,000. An early prototype was recently spotted in Garden Grove, California, where the company has a design studio, and posted to social media, showing a rugged, compact design similar to a scaled-down single cab Rivian R1T pickup. With development starting out of an entity named Re:Car, the company has Amazon.com founder Jeff Bezos serving as a key investor, along wi...

News  Updated at: 2025/04/18

splay linkage intelligent cockpit with a Qualcomm Snapdragon 8295 chip-powered intelligent computing platform, a 15.4-inch 2.5K-resolution Mini-LED center console display, and a 35.5-inch augmented reality head-up display; the in-house developed Kr AI large model deeply integrated with the DeepSeek R1 large model; the G-Pilot H7 intelligent driving solution with a LiDAR and dual Nvidia Drive Orin-X chips (total computing power 508 TOPS) as standa...

News  Updated at: 2025/04/17

e showed how the company is making progress on its new R2 midsize electric SUV that it is building in Normal, Illinois. On a social media posting, Scaringe offered a view of an R2 body being built with production dies. Starting at USD 45,000, the R2 will be about half the cost of Rivian’s current R1S (USD 77,700) and R1T (USD 71,700).  Rivian’s CFO, Claire McDonough, said earlier that the team was “working around the clock” to prepare th...

News  Updated at: 2025/03/22

ed opportunities and challenges in the evolving EV marketplace.  Key points were: Rivian aims to achieve positive EBITDA by the end of 2027 through cost management and vertical integration.The launch of the R2 platform is prioritized, with a focus on reducing material costs by 45% compared to the R1. Rivian has now delivered 20,000 EDVs to Amazon. The company now is addressing slower growth in the commercial vehicle space by shifting focus to R...

News  Updated at: 2025/03/19

est (SXSW) event in Austin, Texas this week. Rivian's recent announcement launching the Rivian Commercial Van to businesses across the U.S. offers unique solutions to fleet customers looking to transition off fossil fuels and into electric commercial solutions. The RCV vans are built along with the R1T and R1S in Normal, Illinois. "Collaborating with the Ben & Jerry's team to build the next generation of electric scoop trucks has been an incredib...

News  Updated at: 2025/03/05