Business

Amazon-backed startup Rivian begins production of electric pickup trucks

File Photo: The Rivian logo, an electric vehicle startup, appears on the bonnet of the new R1T all-electric truck in Mill Valley, California, USA, on January 25, 2020. REUTERS / Nathan Frandino

September 15, 2021

(Reuters)-Amazon-backed Rivian’s first electric pickup truck has been rolled off the production line, the company’s CEO said Tuesday.

As a result, Rivian was the first to bring electric pickups to market, ahead of Tesla, General Motors and others.

“Our first customer vehicle went off the normal production line this morning,” founder and CEO RJ Scaringe tweeted with an image of Rivian’s R1T electric pickup at a factory in Illinois. I mentioned it at https://bit.ly/3Ac9WMB. ..

Tesla’s boss Elon Musk didn’t tell automakers when to start mass-producing the long-awaited Cybertruck in July.

Libyan has been approved by regulators from the National Highway Traffic Safety Administration, the U.S. Environmental Protection Agency, and the California Air Resources Board, and its debut EV is ready for sale in all 50 U.S. states. A spokeswoman for the company said.

In August, the company said it had secretly filed documents with regulators for an initial public offering. Two sources told Reuters that Rivian would seek a valuation of about $ 70-80 billion at the time of the IPO.

(Report by Chavi Mehta in Bangalore and David Shepardson in Washington, additional report by Akriti Sharma in Bangalore, edited by Shailesh Kuber and Shounak Dasgupta)



Amazon-backed startup Rivian begins production of electric pickup trucks

Source link Amazon-backed startup Rivian begins production of electric pickup trucks

Back to top button