rivian factory

Rivian posts $1.7 billion net loss in Q3 2022, reaffirms annual production target and delays release of R2 platform

Rivian published their Q3 2022 financial report on Wednesday, earning $536 million in revenue from the sales of its EDV, R1T, and R1S electric vehicle That figure was slightly lower than the Wall Street consensus […]

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Rivian awarded $827 million in incentives for Illinois factory expansion

Rivian has been awarded $827 million in incentives for the expansion of its Illinois factory to accommodate the production of the R2. The funds will be provided by the State of Illinois Department of Commerce and Economic Opportunity. Apart from expanding the facility, Rivian will use […]

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