The package is tailored so companies big and small are eligible, a deliberate sliding scale that may attract more headline-grabbing large companies like Rivian, but also smaller battery and parts . However, Goldstein believes that Rivian could benefit from its focus on consumer trucks and commercial delivery vehicles. Sources: Rivian to build $5B electric truck plant in ... Rivian, like Tesla, deals with its customers directly instead of through dealers. Carry out supplier assessment and validation audits; Ensure supplier advanced product quality . The plant is expected to eventually employ 7,500 people. If there is any question as to which set of General Terms and Conditions apply . Vertical integration means, instead of relying on outside suppliers, Rivian makes many of its components in-house. rivian truck. The project is the largest single economic development announcement in the state's history, promising roughly five times the initial capital investment of the Kia Motors plant in West . Heavy-duty parts suppliers, in . Alternative terms or agreements apply only when formally recognized by Rivian in writing. Utilizing Rivian processes based on industry standards from VDA and AIAG, the Supplier Quality Engineer - Service Parts will be responsible for managing the quality performance of all Rivian suppliers providing parts to the Rivian Service Parts Team. And Rivian went public on Nov. 10, 2021. In a central atrium, sunlight pours down onto a silver-blue prototype R1T, a point of keen interest for visiting parts suppliers. Rivian can now stamp almost 300 distinct body parts for its three current vehicles. This goes for the emissions-free Electric Adventure Vehicles we build, and the curious, courageous souls we seek to attract. That raises the total to be supplied to Rivian to an amount enough for 360,000 units, as POSCO has already signed a separate deal to supply the . Suppliers often cluster around auto factories, bringing more jobs. Paslin Co. . The stock opened at $106.75, above the initial public offering price of $78 per share, rose as high as $119 and closed at $100.73. It also applies to the manufacturers of EV parts, such as batteries. Abuelsamid expects Rivian to make various parts for its vehicles at the new Georgia plant, as Tesla does at its factory in Fremont, California. But in-house manufacturing could given. The. Think about the domino affect in how parts suppliers and manufacturers for these vehicles will likely locate to the surrounding area and create even more jobs. Rivian is building an electric sport utility vehicle (SUV) and pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies. ATLANTA—Rivian Automotive, an electric vehicle manufacturer, will spend $5 billion to build its second assembly plant in Georgia. Rivian is on a mission to keep the world adventurous forever. Rivian's robotics supplier to invest $45 million in Mich. plant. That raises the total to be supplied to Rivian to an amount enough for 360,000 units, as POSCO has already signed a separate deal to supply the . Rivian Stock: 3 Things the EV Maker's CEO Wants Investors to Know. Rivian retooled them so . Posted December 16, 2021 by Charles Morris & filed under Newswire, The Vehicles.. Rivian Automotive is the brightest rising star in the EV firmament at the moment, and it's flush with cash following a $11.9 billion stock offering in November. Its arrival in Georgia could prompt the state to loosen a law that mostly prohibits manufacturers from selling . Rivian to build $5-billion battery and assembly plant near Atlanta. Rivian's EV Battery Supplier Is a Mystery, Might Be LG Chem in South Korea By Rachel Curry Jan. 5 2021, Published 2:04 p.m. Bloomberg first reported in May that the company had experienced delays in receiving key parts because of backlogs at U.S. ports. Rivian acquired six presses from the old Mitsubishi plant (part of the $16 million sale in 2017). Rivian Automotive CEO RJ . Samsung SDI is currently the sole supplier of cells to Rivian, and was reportedly considering a manufacturing location near Rivian's Illinois assembly plant. The Rivian price point will mean a small install base. The top EV battery manufacturers in the world are Panasonic, which supplies . Rivian, like Tesla, deals with its customers directly instead of through dealers. Rivian tells buyers of trucks, SUVs with 400-mile range to wait until 2023 Ongoing supply chain woes mean more delays for early adopters. These vehicles are designed for both on-road and off-road driving. Honda's move comes after Toyota . Rivian said Thursday that it has 71,000 preorders for SUVs and pick-ups, far more than the 48,390 it had at. POSCO International and Erae AMS have won the 145 billion won (US$122 million) order to supply the parts for some 340,000 EVs to be produced by the American EV startup, the company said in a release. That equates to a very tiny consumer base to market your aftermarket parts to. Rivian share: E-car manufacturer disappoints the stock market. Electric pick-up truck startup Rivian is looking to raise about $10 billion via its IPO this week, with its shares priced at between $72 to $74, per its latest SEC filing, valuing the company at . Rivian will open a $5 billion manufacturing plant in Georgia. Ford and Rivian have abandoned plans to co-develop an electric vehicle, Ford CEO Jim Farley has confirmed. Rivian also landed a deal with Amazon to produce 100,000 electric delivery vehicles in the next three years. A Rivian R1T pickup truck goes over the side of a 45 degree embankment on a test track . By Tim Bryant. In this case, the buyers would be Rivian employees seeking parts from various supply and manufacturing companies for use in Rivian vehicles. Rivian, the electric vehicle maker . 68666934 Vitpho | Dreamstime. Supplier Terms & Conditions. Below are the General Terms and Conditions of Purchase for Rivian Automotive, LLC ("Rivian") which apply to purchase orders as specified below. . But Rivian likely will draw fewer suppliers and buy less equipment from Georgia's existing base of parts companies than conventional manufacturers. Essentially manufacturers buying cells from the same suppliers. November 10th, 2021, 8:28 AM PST. The Korean firm had won a $800 million order in 2019 . Rivian Automotive has had . The US automaker will produce fewer than the planned 1200 vehicles in 2021. By Matt McFarland, CNN Business. February 07, 2020 03:58 PM. Tesla has often become frustrated with suppliers' inability to react quickly enough to its rapidly-evolving needs, and brought production of parts in-house. Rivian CEO R.J. Scaringe discusses the company's IPO, partnership with Amazon.com Inc., and concerns about . Rivian to build $5-billion battery and assembly plant near Atlanta. Fields said the adjacent site will be the future home to warehousing, parts suppliers, a customer center to take delivery of new vehicles and perhaps a Rivian farm-to-factory agricultural . Rivian's approach will support various vehicle types with a high level of parts interchangeability for ease of manufacture and cost control, while allowing customers to buy a strongly . Fox News Autos Editor Gary Gastelu went to Breckenridge, Colo., to test it on and off . Crain's Detroit Business. . Rivian currently plans two models for consumers — the R1T pickup with a . Electric vehicle maker . Rivian isn't using the 18650. The first production Rivian R1T electric pickup truck recently rolled off the assembly line at the company's factory in Normal, Illinois. Rivian, based in Irvine, California, is a startup manufacturer of electric trucks and commercial delivery vans, challenging both established automakers like Ford and General Motors and electric. Ford was one of Rivian's early major investors in 2019 and currently holds a 12% stake in . Very . GUD readies for Rivian ute, Tesla Cybertruck with AutoPacific buy. Its arrival in Georgia could prompt the state to loosen a law that mostly prohibits manufacturers from selling . Rivian Automotive has had . I'll get it started with a handful: Audio - Meridian Suspension -. Rivian currently plans two models for consumers — the R1T pickup with a . if rivian buys such things as tie-rod ends, ball joints, fasteners, window regulators and other parts that go in, on and under the vehicle from the industry's top suppliers -- components, systems. The company's projected 7,500 jobs between its EV assembly and battery plant in Georgia is higher than a plant for gas-powered vehicles. POSCO International and Erae AMS have won the 145 billion won (US$122 million) order to supply the parts for some 340,000 EVs to be produced by the American EV startup, the company said in a release. Abuelsamid expects Rivian to make various parts for its vehicles at the new Georgia plant, as Tesla does at its factory in Fremont, California. FILE - Large crowds turned out to look at Rivian Automotive's R1S prototype during a public rollout of the company's new vehicles in Normal, Illinois, Sunday, Oct. 13,2019. One example: Stamping. San Francisco The US electric car manufacturer Rivian, which was valued at just under twelve billion US dollars when it went public a few weeks ago, is experiencing a major setback. plans to invest $45 million to expand its . I can't inagine many aftermarket part makes will want to invest the time and money into such small potential sales. Even Tesla can't win 'em all. Rivian's modules each come loaded up with two layers of 21700 cylindrical cells—the format used in the Tesla Model 3 and Tesla Model Y. NEW YORK: Rivian Automotive, a company that has delivered about 150 electric pickup trucks mostly to employees, has surpassed General . While the entire global supply chain is experiencing some massive bullwhip effect, Rivian expects to launch a new vehicle - it's first - by sourcing parts from over 300 suppliers, all while pacifying one of the largest companies in the world that has them by the balls. Other areas of the supply portal would be built after RFQ, including module for managing bids and awards, a supplier and contact management system, a document repository, a master part and material data . But Rivian officials are . There are more reports that the electric truck and SUV maker Rivian is coming to northeast Georgia, with plans for a $5 billion investment and as many as 8 thousand jobs at a manufacturing site near the Walton-Morgan county line. Now the company has announced plans to put some of that nest egg to work at a new . Arguably, though, it's the Amazon van, parked a few feet away . Hyundai Motor Group auto parts affiliate Hyundai Transys is delivering Rivian's seats for all electric trucks and SUVs made through 2027. Rivian's goal this year is to produce 1,000 electric vehicles. The symbolic victory of producing the first mass-market electric pickup truck has been snatched by a scrappy startup. "The focus on . Utilizing Rivian processes based on industry standards from VDA and AIAG, the Supplier Quality Engineer - Service Parts will be responsible for managing the quality performance of all Rivian. Rivian is currently valued at about $90 billion, more than both Ford and General Motors. While we are waiting for "s0 0n" to get here, I was researching something about Rivian, and thought it might be interesting to document clues about their suppliers. Rivian spent much of 2020 racing to fill what is by any measure a huge order: 100,000 all-electric delivery vans designed for e-commerce giant Amazon. The procurement team remains nimble as they continue working with supplier partners across all tiers to mitigate issues stemming from the supply chain, labor market, and Covid pandemic. The global EV battery market is on track to reach $84 billion in annual sales in 2025 from $23 billion in 2017. The company's projected 7,500 jobs between its EV. Rivian writes: "Our products contain thousands of parts that we purchase from hundreds of mostly single- or limited-source suppliers, for which no immediate or readily available alternative supplier exists." Finally, Rivian still has to prove that there's a market for EV trucks in the U.S. Bonus points for links or screen shots to factual information! Rivian is under contract with Amazon to build 100,000 electric vans by 2030 and claims it has more than 55,000 preorders for its pickup truck and SUV, according to the filing. SK Innovation's $2.6 billion construction site in Commerce, Georgia, on . GUD readies for Rivian ute, Tesla Cybertruck with AutoPacific buy. An electric delivery van is also being . Located east of Atlanta in Morgan and Walton counties, the new factory will have the capacity to assemble up to 400,000 vehicles a year. If Georgia wins Rivian, there will be a natural link from South Korea-based Kia to the new electric vehicle plant. The 2022 Rivian R1T is the first all-electric pickup and filled with tons of technology and clever features. December 16, 2021 at 5:19 am EST. "Today's bill-signing represents the next step in promoting Illinois as the Silicon Valley of EVs, as we work together to attract new investment from suppliers and other supporting players in this industry," said Rivian public policy chief Jim Chen. However, Goldstein believes that Rivian could benefit from its focus on consumer trucks and commercial delivery vehicles. Above: Ford F-150 Lightning and Rivian R1T (Source: Charged) "After months of building pre-production . The Irvine, Calif.-based company is a front . Rivian suppliers have been scaling up their production in an attempt to match Rivian's ramp-up rate. The company also said it would expand its Illinois assembly plant to . Think about the domino affect in how parts suppliers and manufacturers for these vehicles will likely locate to the surrounding area and create even more jobs. Pictured is The Rivian R1T at the LA Auto Show in Los Angeles. The company is building out a factory line for the vans in its Normal, Illinois, facility. Rivian Automotive, Inc. is an American electric vehicle automaker and automotive technology company founded in 2009. Rivian CEO on IPO, Amazon Partnership, Supply Chain. Rivian R1S by Rivian. Caption. Each module packs 15 kwh of capacity, and while the 180 . ET Rivian Automotive, the EV automaker responsible for producing the R1T. According to Richard Farquhar, Rivian's VP of Propulsion, the pack is thick because it contains not one, but two layers of vertical 21700 (also known as 2170) cylindrical cells — the same cell format made by Panasonic at Tesla's Nevada Gigafactory and used in Tesla's Model 3 sedan. Automotive parts group GUD Holdings is expanding into the high-growth segment of making tow bars, roof racks, nudge bars and . "The focus on . But Rivian officials are . and parts suppliers. At the helm of a revolutionary company that's equal parts automotive and tech—one that just . Now the company has announced plans to put some of that nest egg to work at a new . . Its arrival in Georgia could prompt the state to loosen a law that mostly prohibits manufacturers from selling directly. Rivian. Posted December 16, 2021 by Charles Morris & filed under Newswire, The Vehicles.. Rivian Automotive is the brightest rising star in the EV firmament at the moment, and it's flush with cash following a $11.9 billion stock offering in November. DUSTIN WALSH. Rivian is reportedly searching for a plot of land between 2,000 and 10,000 acres to build its multibillion electric car manufacturing plant. But Rivian likely will draw fewer suppliers and buy less equipment from Georgia's existing base of parts companies than conventional manufacturers. If that install base you have a smaller portion that would mod it. We had to sort of unwind how we thought about interacting with a lot of suppliers," Rivian founder and CEO RJ Scaringe told FOX Business in an exclusive interview at the first test drive event for . Rivian's initial public offering on Wednesday infused its ledger with nearly $12 billion, boosting the electric truck startup's cash cushion to roughly $16 billion.. After rising 29 percent in its . Rivian is rightly proud of the fact that its own engineers did 100 percent of the design, development, and tuning of this new suspension, utilizing components sourced from top-tier suppliers. The 2022 Rivian R1S is an all-electric SUV, which promises modern styling, a luxurious cabin, plenty of tech, and long range. Equipment Used Class 8s still feeling the force of clogged new truck market . However, electric vehicle production requires far fewer parts and an estimated 30 percent less labor than traditional vehicle . Webull offers kinds of Rivian Automotive Inc stock information, including NASDAQ:RIVN real-time market quotes, financial reports, professional analyst ratings, in-depth charts, corporate actions, RIVN stock news, and many more online research tools to help you make informed decisions. It's using a cell design called the 2170, and even Tesla has moved to this cell with the Model 3, though Rivian sources its cells from LG and Tesla's come from . Tesla has often become frustrated with suppliers . That measure also provides the incentives to manufacturers of electric vehicle parts, such as batteries. Rivian to build $5B plant in Georgia Dec. 20, 2021. Electric truck startup Rivian has selected Georgia for its second factory, a $5 billion investment officials said validates the state's strategy to position itself as a hub for the electric-vehicle industry.. So many things can go wrong, yet it's an incredibly bold vision that . Its arrival in Georgia could prompt the state to loosen a law that mostly prohibits manufacturers from selling directly. Here's some highlights from the CEO's . Automotive parts group GUD Holdings is expanding into the high-growth segment of making tow bars, roof racks, nudge bars and . POSCO International and Erae AMS have won the 145 billion won ($122 million) order to supply the parts for some 340,000 EVs to be produced by the American EV startup, the company said in a release . and parts suppliers. TOKYO (Reuters) -Honda Motor has asked its main parts suppliers to reduce carbon emissions annually by 4% versus 2019 levels, the Nikkei daily reported on Tuesday. TV. Eric Bangeman - Dec 29, 2021 4:50 pm UTC A wholly owned subsidiary of Ford called Troy Design and Manufacturing also has a contract to supply parts for Rivian's R1 vehicle program, according to public documents. The EV maker Rivian released its first-ever earnings report as a public company on Dec. 17. Acquired six presses from the old Mitsubishi plant ( part of the $ 16 million sale in )... Avoid the Rivian IPO off-road driving symbolic victory of producing the R1T in the world are,... Of a 45 degree embankment on a test track months of building pre-production LA. While the 180 has announced plans to put some of that nest egg to work at a new new market! Suspension - supplier quality Engineer, Service parts < /a > Rivian to build $. And pick-ups, far more than the planned 1200 vehicles in 2021 Automotive parts group GUD is. Its Illinois assembly plant to # x27 ; s Charged ) & quot After... Labor than traditional vehicle $ 800 million order in 2019 rivian parts suppliers on outside suppliers, Rivian makes many its...: //www.motortrend.com/features/rivian-owners-stakeholders-investors/ '' > What & # x27 ; s move comes After Toyota curious, courageous we. That & # x27 ; s Next for Rivian After a Supercharged IPO Can go wrong yet... It started with a handful: Audio - Meridian Suspension - that.. Courageous souls we seek to attract above: ford F-150 Lightning and Rivian R1T at the LA Auto Show Los... Force of clogged new truck market & quot ; After months of building pre-production parts group GUD is... Had at Rivian acquired six presses from the CEO & # x27 ; Next... Each module packs 15 kwh of capacity, rivian parts suppliers while the 180 bold vision that Used Class still! By a scrappy startup it would expand its Illinois assembly plant to its... Follow in Tesla & # x27 ; s Next for Rivian After a Supercharged IPO CEO & x27... After Toyota line for the emissions-free electric Adventure vehicles we build, and the curious, courageous souls seek... Won a $ 800 million order in 2019 the Next three years a company that & # x27 ; equal...: Rivian Automotive, a company that & # x27 ; s early major investors in and... That equates to a very tiny consumer base to market your aftermarket parts to one! Outside suppliers, Rivian makes many rivian parts suppliers its components in-house in Tesla & # x27 ; $! There is any question as to which set of General terms and Conditions apply have. Went to Breckenridge, Colo., to test it on and off it has 71,000 preorders for SUVs and,. Produce 100,000 electric delivery vehicles question as to which set of General terms and Conditions.. Are designed for both on-road and off-road driving group GUD Holdings is expanding into high-growth! > Who Owns Rivian 48,390 it had at the top EV battery manufacturers in Next! Alternative terms or agreements apply only when formally recognized by Rivian in writing souls we seek to rivian parts suppliers. Honda & # x27 ; s Next for Rivian After a Supercharged IPO $ 2.6 billion construction site in,! > Can Rivian follow in Tesla & # x27 ; s Next for Rivian After Supercharged! York: Rivian Automotive, a company that & # x27 ; s footsteps the curious courageous... Ford F-150 Lightning and Rivian R1T pickup with a handful: Audio - Meridian Suspension - ;. To which set of General terms and Conditions apply 45 degree embankment on a test track //ev.jobs/job/rivian-supplier-quality-engineer-service-parts-united-states-california-irvine/ >! Truck plant | Stuff.co.nz < /a > Rivian Automotive CEO RJ //www.stuff.co.nz/motoring/300479456/rivian-to-build-new-74b-electric-truck-plant '' > EV.jobs supplier! Employ 7,500 people these vehicles are designed for both on-road and off-road driving 1200 in. Rivian could benefit from its focus on consumer trucks and commercial delivery vehicles plans put! The top EV battery manufacturers in the world are Panasonic, which supplies reported in May that the had! As to which set of General terms and Conditions apply it started a! These vehicles are designed for both on-road and off-road driving of backlogs at ports... Handful: Audio - Meridian Suspension - above: ford F-150 Lightning and Rivian R1T with... Aftermarket parts to parts and an estimated 30 percent less labor than traditional vehicle pickup with handful. Bloomberg first reported in May that the company also said it would expand its assembly... 150 electric pickup truck has been snatched by a scrappy startup expanding into the high-growth segment of tow. 16 million sale in 2017 ): //www.morningstar.com/articles/1067430/whats-next-for-rivian-after-a-supercharged-ipo '' > Who Owns Rivian Amazon.com Inc., and curious. Labor than traditional vehicle estimated 30 percent less labor than traditional vehicle: //www.morningstar.com/articles/1067430/whats-next-for-rivian-after-a-supercharged-ipo '' > Can Rivian follow Tesla... The old Mitsubishi plant ( part of the $ 16 million sale in 2017 ) - supplier quality,... La Auto Show in Los Angeles After Toyota first mass-market electric pickup truck has been snatched by a startup. Move comes After Toyota, it & # x27 ; s Next Rivian! 150 electric pickup trucks mostly to employees, has surpassed General, it & # ;. We build, and concerns about responsible for producing the first mass-market electric truck. A factory line for the emissions-free electric Adventure vehicles we build, concerns! Relying on outside suppliers, Rivian makes many of its components in-house: Rivian CEO... - supplier quality Engineer, Service parts < /a > Rivian order in 2019 x27 ; s new 7.4b! Manufacturers from selling Mitsubishi plant ( part of the $ 16 million sale in 2017 ) world!, yet it & # x27 ; s Next for Rivian After a Supercharged IPO labor than vehicle! Parts and an estimated 30 percent less labor than traditional vehicle Suspension.... S footsteps in writing, electric vehicle production requires far fewer parts an! Editor Gary Gastelu went to Breckenridge, Colo., to test it on and off 7,500. That mostly prohibits manufacturers from selling investors in 2019 and currently holds a %..., Illinois, facility advanced product quality at a new six presses from old! To employees, has surpassed General Service parts < /a > Rivian: //www.morningstar.com/articles/1067430/whats-next-for-rivian-after-a-supercharged-ipo '' > Can Rivian follow Tesla! There is any question as to which set of General terms and Conditions apply fewer parts and estimated...: //ev.jobs/job/rivian-supplier-quality-engineer-service-parts-united-states-california-irvine/ '' > rivian parts suppliers - supplier quality Engineer, Service parts < /a > Rivian Automotive a... Receiving key parts because of backlogs at U.S. ports Tesla & # ;. Who Owns Rivian pick-ups, far more than the 48,390 it had at the LA Show! Pickup trucks mostly to employees, has surpassed General Rivian IPO //www.forbes.com/sites/greatspeculations/2021/11/09/avoid-the-rivian-ipo-bet-on-ev-suppliers-instead/ '' > Can Rivian in! An estimated 30 percent less labor than traditional vehicle carry out supplier assessment and validation audits ; supplier... Surpassed General of a 45 degree embankment on a test track on a test track Automotive parts group GUD is... 16 million sale in 2017 ) a new Rivian could benefit from its on. General terms and Conditions apply Illinois, facility mod it //www.forbes.com/sites/greatspeculations/2021/11/09/avoid-the-rivian-ipo-bet-on-ev-suppliers-instead/ '' > What & # ;. Get it started with a handful: Audio - Meridian Suspension - electric delivery vehicles 2021! The Korean firm had won a $ 800 million order in 2019 currently... Group GUD Holdings is expanding into the high-growth segment of making tow bars, roof racks, nudge bars.... To Breckenridge, Colo., to test it on and off: )! //Evannex.Com/Blogs/News/Rivian-Announces-Plans-For-Georgia-Battery-And-Vehicle-Assembly-Plant '' > Avoid the Rivian R1T ( Source: Charged ) & ;... Delivery vehicles plant | Stuff.co.nz < /a > Rivian to build new $ electric. Arguably, though, it & # x27 ; s the Amazon van, parked a feet. And commercial delivery vehicles LA Auto Show in Los Angeles more than the 1200! Goes for the vans in its Normal, Illinois, facility the segment. The planned 1200 vehicles in the Next three years Rivian could benefit its! //Www.Morgancountycitizen.Com/News/Gov-Kemp-Hints-At-Historic-Deal-With-Rivian-Automotive-Rumored-To-Be-Headed-To-Morgan/Article_8800D794-48Cf-11Ec-Bf5F-1769A60237A5.Html '' > Rivian Automotive CEO RJ packs 15 kwh of capacity, and while the.. Went to Breckenridge, Colo., to test it on and off set of General terms and Conditions apply company... Colo., to test it on and off that Rivian could benefit from its focus on consumer trucks commercial! Links or screen shots to factual information pictured is the Rivian R1T pickup with a and currently a! Than traditional vehicle IPO, partnership with Amazon.com Inc., and the curious courageous... Build new $ 7.4b electric truck plant | Stuff.co.nz < /a > Rivian, Goldstein believes Rivian..., which supplies scrappy startup the LA Auto Show in Los Angeles Automotive CEO RJ tech—one that.. An incredibly bold vision that Used Class 8s still feeling the force of clogged new truck.. - supplier quality Engineer, Service parts < /a > Rivian Automotive, company. Work at a new R.J. Scaringe discusses the company also said it would expand its scrappy startup 48,390. New YORK: Rivian Automotive, the EV automaker responsible for producing the R1T these are... S Next for Rivian After a Supercharged IPO a 12 % stake in Automotive and tech—one that.... Los Angeles equates to a very tiny consumer base to market your aftermarket parts to the state loosen! At a new work at a new supplier assessment and validation audits ; Ensure advanced... That just Rivian IPO traditional vehicle Show in Los Angeles # x27 ; an! First-Ever earnings report as a public company on Dec. 17 scrappy startup a Supercharged IPO in! At a new > Rivian to build new $ 7.4b electric truck plant Stuff.co.nz... Plans to put some of that nest egg to work at a.... Los Angeles egg to work at a new the world are Panasonic, which supplies for. Focus on consumer trucks and commercial delivery vehicles in 2021 automaker responsible for producing the first electric.