“Rivian Automotive stock soared 13% on Thursday, as the EV maker unveiled three new vehicles and announced more than $2 billion in savings related to a pause in construction of a Georgia factory,” CNBC reports. ''.''
CNBC notes that Rivian's current cars “start at around $70,000 and can exceed $100,000,” making the new, cheaper R2 midsize SUV (starting at $45,000) more attractive. It points out that there is a possibility.
“Especially if you qualify for the $7,500 EV tax credit,” The Verge adds.
“7% of new car sales are electric vehicles.” [Rivian founder and CEO RJ] Scaringe said: “The reality is that Tesla continues to be a huge success, and we want to get out of the 93 percent who couldn't move to a pure EV because the form factor didn't fit their lifestyle. ”
The article states that Rivian “plans to use Tesla's NACS connector in future vehicles starting in 2025, which will allow Rivian owners to use the company's Supercharger network.” The NACS port will be natively integrated into the vehicle…” it added.
“I can say with absolute and complete certainty that the whole world is going to move to electric vehicles,” Scaringe told The Verge. “I've never been more bullish on electrification. I've never been more bullish on Rivian.”
More from CNBC:
The announcement comes at a time when EV sales in the U.S. have slowed more than expected as automakers flooded the first-adopter market with expensive all-electric vehicles in recent years, and Rivian is looking to expand its customer base. It took place at a critical time. Rivian's sales pace has slowed in recent quarters, and the company last month missed quarterly estimates and expected production to be slightly lower this year compared to 2023 due to factory downtime, widely disappointing investors. I let it happen. The Amazon-backed company is burning through cash to improve current EV production and cut losses…
The company says it has an all-electric range of more than 300 miles on a single charge and can run from 0-60 mph in less than 3 seconds.
“The battery can be charged from 10 to 80 percent within 30 minutes,” it says. car and driver.
