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CEO RJ Scaringe has confirmed in his latest CNBC interview that Rivian does plan to open up the Rivian Adventure Network to other compatible EVs as soon as “Summer 2024” expediting the timeline from the end of the year as I reported last month.

Rivian today had their investor earnings webcast to discuss Q1 2024 and I wanted to provide a quick recap of everything discussed + the Q&A segment. Rivian produced 13,980 vehicles and delivered 13,588 from January 1 to March 31, 2024. Product and delivery results during Q1 2024 aligned with Rivian’s expectations. Rivian continues to have a guidance of 57,000 total vehicles in 2024. RJ Scaringe confirmed that the R1 line is back up and running after the factory’s closure in…

The State of Illinois announced today that it will provide Rivian with an incentive package of $827M. These funds will help expand the factory and improve public infrastructure and job training programs for Rivian’s workforce. “We are grateful for this investment from the State of Illinois and for the leadership of Governor Pritzker, President Harmon, and Speaker Welch,” said RJ Scaringe, Rivian Founder and Chief Executive Officer. “The support from the state will allow us to quickly bring our midsize…