All posts tagged: 100000th

Rivian (RIVN) just built its 100,000th EV

Rivian (RIVN) just built its 100,000th EV

EV startup Rivian (RIVN) just hit a major milestone after announcing its 100,000th EV rolled off the production line on Wednesday. Rivian builds its 100,000th EV Rivian continues expanding the brand with its “Electric Adventure Vehicles,” including the all-electric R1T pickup and R1S SUV. After Rivian’s R1T became the first electric pickup to hit the US market in September 2021, the EV maker just hit another milestone. CEO RJ Scaringe announced Rivian built its 100,000th EV Wednesday, almost three and a half years after the first model rolled off the production line. The R1S, Rivian’s electric family mover (with room for seven), joined the lineup, with the first customer deliveries kicking off in August 2022. Although Rivian delivered the first R1S models in December 2021, they were to Scaringe and CFO Claire McDonough. Rivian is entering a new growth phase this year as the EV maker looks to continue expanding. The company is shutting down production at its Normal, IL plant to introduce new tech and manufacturing practices to cut costs. (Source: Rivian CEO RJ …