A slew of new electric vehicles is set to hit the market in the coming months. The Ford F-150 Lightning, as well as the GMC Hummer EV and other vehicles, will be available shortly.
Rivian, an electric automaker with a history dating back to 2009, is one company that you should not overlook in all of this.
Executives at the company recently confirmed reports that it will expand its operations to another location in the future, significantly increasing its battery and technology development and production capacities.
The automaker’s present factory in Normal, Illinois, is currently set to produce the company’s electric vehicle portfolio, which includes the R1T truck, R1S SUV, and an Amazon-branded fleet of commercial delivery vans.
“As we near the start of vehicle production, it’s vital that we keep looking forward and pushing through to Rivian’s next phase of growth,” Rivian CEO RJ Scaringe said in a statement, adding that the new funding will go toward expanding new vehicle programs, the company’s domestic facility footprint, and international product rollout.
Rivian is only now beginning to look for a location for its new factory, according to a statement from company spokesperson Amy Mast. “We look forward to working with a supportive, technology-forward community in order to create a partnership as strong as the one we have with Normal, Illinois,” says the company.
Last week, the company informed customers that the R1T pickup would be delayed until September, and the R1S SUV would be delayed until later in the fall. According to a letter sent to customers, Scaringe blamed a number of pandemic-related issues, ranging from “from facility construction, to equipment installation, to vehicle component supply (especially semiconductors).”
Rivian has announced that starting deliveries of its anticipated R1T electric truck and R1S electric SUV will be delayed until September 2021, a year later than originally intended.
Rivian stated its electric truck would arrive first, followed by the R1S shortly after, citing the lingering effects of the pandemic and a serious global semiconductor scarcity.
Despite the delays, Rivian will be the first to market with an all-electric pickup truck, beating out Ford and others.
Rivian is one of a myriad new electric vehicle manufacturers. Tesla is its most well-known opponent, but several other businesses are planning to launch vehicles in the coming months and years.
Bollinger, Canoo, Fisker, and a number of other companies are vying for a seat in future driveways, but Rivian’s finance makes them unique.
Ford is a big investor in the company, having helped it fund nearly $8 billion with the support of Amazon and others.
This financing will be required to support Rivian’s 7,000 personnel as well as the growth plans, which are expected to cost at least $1 billion.
Amazon committed to buy 100,000 electric vehicles from the start-up in September 2019 as part of its ambitious plan to run Amazon’s fleet solely on renewable energy. By the end of 2021, the company hopes to test electric delivery vans in 16 cities.