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VW Group: Partnership with Rivian and XPeng for SDV Development

pment of next-generation SDV platform with Rivian VW and Rivian established a joint venture, and VW's investment of USD 5.8 billion will be converted into capital for the joint venture in stages. (Source: VW Investor Relations Roadshow Presentation (2024.11.20)) In November 2024, VW and Rivian, an emerging American electric vehicle manufacturer, established a joint venture, Rivian and VW Group Technology, LLC, to develop next-generati...

Market & Tech Reports Updated at: 2025/02/10

Emerging U.S. EV Makers on the Move

Emerging U.S. EV Makers on the Move Several begin EV sales in 2023, following Rivian, Lucid Motors, and others Summary Rivian’s mass production stands out; many companies continue in the red, operations at risk to end Rivian Automotive: Production of 57,000 units in 2023, up 135% year-over-year; sales surge but business losses continue Lucid Motors: Production increases, but losses also increase; investment expansion with Saudi Arabian capital ...

Market & Tech Reports Updated at: 2024/04/02

Inflation Reduction Act: Support for EV/PHEV/FCEV Purchases

t LG Energy Solution Michigan, Inc. $69,190 $7,500 $61,690 Lincoln Corsair Grand Touring 2022-2023 Louisville Assembly Plant Samsung SDI America, Inc $51,810 $3,750 $48,060 Lincoln Corsair Grand Touring 2022-2023 Louisville Assembly Plant Samsung SDI America, Inc $53,385 $3,750 $49,635 Rivian R1S 2023 Rivian, Normal, Illinois plant Samsung SDI Hungary Zrt. $79,800 $3,750 $76,050 Rivian R1T 2023 Rivian, Normal, Illinois plant Samsung SDI H...

Market & Tech Reports Updated at: 2023/06/26

Emerging U.S. EV Makers on the Move

Tesla has made great forward strides to become the leader in the EV market among the emerging EV ventures in the U.S. that have been established one after another since 2000, other companies have also been developing products and preparing for production, and several major manufacturers, including Rivian, Lucid, and Nikola have started to introduce their own EV models to the market from the end of 2021 through 2022. However, many companies, d...

Market & Tech Reports Updated at: 2023/02/08

U.S. Emerging EV Automakers: Rivian goes to volume production following Tesla

is as follows. Automaker EV lineups* that have been launched or announced. Current production/sales start status (as of January 2022) Features Rivian Automotive, Inc. (Rivian) SUVs, pickup trucks, delivery vans Production of the “R1T” five-seat pickup truck began in September 2021, and the R1S SUV in December. The company is leading the way in commercial EVs, and expectations heated up with the world's largest IPO in 2021. Rivian partner...

Market & Tech Reports Updated at: 2022/02/21

Emerging U.S. EV Makers on the Move: Many announce plans to launch in 2021

ffiliated companies with which it is partnered. So far, Rivian has raised USD 6 billion from Amazon, Ford, Cox Automotive and other investment funds. The EV launch plan which was released up to now includes the R1T 5-seater pickup truck which was exhibited at the 2018 Los Angeles Motor Show, the R1S 7-seater SUV, and an electric delivery van designed specifically for Amazon. The production launches of the R1T and the R1S were scheduled to be i...

Market & Tech Reports Updated at: 2021/01/15

Emerging U.S. EV makers: Full-fledged market entry from end-2020

Emerging U.S. EV makers: Full-fledged market entry from end-2020 Rivian, Lucid, Lordstown, Karma, Fisker, Bollinger, Nikola, Byton, etc. Summary Rivian Automotive: Purchased U.S. plant formerly owned by Mitsubishi Lucid Motors: Preparing for production in Arizona Lordstown Motors: Purchased plant previously owned by GM Karma Automotive: Selling 4-door PHV sports car under the umbrella of the Wanxiang Group Fisker: Targeting to manufacture a cumul...

Market & Tech Reports Updated at: 2020/04/27