Rivian Automotive, Inc. / DE (RIVN) Stock Forecast

About the Company

Rivian Automotive, Inc., is an American electric vehicle manufacturer and automotive technology company founded in 2009. Rivian produces an electric sport utility vehicle (SUV), a pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies, and an electric delivery van, the Rivian EDV. Rivian started deliveries of its R1T pickup truck in late 2021. The company planned to build an exclusive charging network in the United States and Canada by the end of 2023. Rivian is based in Irvine, California, with its manufacturing plant in Normal, Illinois, and other facilities in Palo Alto, California; Carson, California; Plymouth, Michigan; Burnaby, British Columbia; Wittmann, Arizona; Woking, England; and Belgrade, Serbia. Rivian has plans to build another US$5 billion factory in the US state of Georgia, in Social Circle, Georgia. The company raised over US$13.5 billion in financing following its initial public offering in November 2021.

Sector

Manufacturing

Industry

Motor Vehicles & Passenger Car Bodies

Employees

11270

Exchange

Nasdaq