Company News

InsideEVs reports that Rivian and Volkswagen’s five point eight billion dollar software partnership is already moving fast. The joint venture, called Rivian and Volkswagen Group Technologies, was formed late last year to build the next generation software and electrical architecture that will power future Rivians and VW Group EVs. tl;dr Rivian and Volkswagen’s five point eight billion software partnership is moving fast, per InsideEVs. Their shared EV architecture is finalized, testing begins in 2026, and the first VW model using…

Rivian just approved a new pay package for CEO RJ Scaringe that could be worth up to $4.6 billion over the next decade, and while it draws clear inspiration from Tesla’s famous Elon Musk deal, there are some big differences. As Reuters reports, Scaringe’s new plan ties his payout not just to Rivian’s stock price but also to operating income and cash flow targets, adding a profitability focus that Musk’s package didn’t have. Scaringe will get options to buy up to 36.5 million shares at $15.22 each, but…

Rivian just dropped its Q3 2025 shareholder letter, and there’s a lot to unpack. The company posted its strongest delivery quarter of the year, continued to tighten up costs, and gave a clearer picture of how the R2 is shaping up as it heads toward launch in 2026. Rivian produced 10,720 vehicles at its Normal, Illinois plant and delivered 13,201 vehicles to customers, marking its highest delivery quarter of 2025. Total revenue hit $1.56 billion, up a hefty 78 percent…

As first reported by Bloomberg, Rivian plans to tap into its $6.6 billion US Department of Energy loan after completing construction of its new Georgia factory but before production begins in 2028. Chief Financial Officer Claire McDonough shared the update Tuesday in Detroit, explaining that Rivian expects to start building the plant next year and then seek reimbursement from the DOE once it’s complete. “The drawdown would be prior to starting production in 2028,” McDonough said, aligning the timing with…

Rivian has officially opened Rivian Commons, a new community hub in Atlanta. The space is part of Rivian’s new East Coast Headquarters and serves as a welcoming spot for people to learn about the brand, check out its vehicles, and see what’s coming next for Rivian in Georgia. The grand opening took place on October 25, featuring local vendors, activities, and a first look inside the space. “We’re excited to open Rivian Commons to the public as our latest gathering…