In an exciting update for Rivian fans and EV enthusiasts, Rivian CEO RJ Scaringe took to Twitter to share a major milestone in the company’s journey. “Exciting week in Normal — construction of our expansion for R2 is underway!” he posted, signaling the next big step for Rivian’s future lineup.…

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Rivian is laying the groundwork for the launch of its highly anticipated R2 platform, expected in 2026. Central to this vehicle’s performance and cost-efficiency is a new battery partnership with LG Energy Solutions (LGES), which will supply advanced cylindrical cells manufactured in the United States. This collaboration is designed to…

Rivian’s Q3 2024 earnings call offered new insights into its operational adjustments and strategic initiatives as it works toward profitability and scaling production. CFO Claire McDonough and CEO RJ Scaringe addressed supply chain issues, financial goals, and partnerships, adding context to the company’s ongoing progress. Boosting Production with Tri-Motor and…

Rivian’s Q3 2024 earnings report underscores a period of pivotal developments for the company as it continues its journey toward operational efficiency and financial sustainability. Facing a mixture of production hurdles and strategic advancements, Rivian’s results reveal a focus on technological partnerships, streamlined operations, and future-ready EV platforms. tl;dr Production…