VW Group’s stake will continue to grow under the $5.8 billion joint venture with Rivian.
Volkswagen now owns 209.8 million shares of Rivian (RIVN), representing a 15.9% stake in the EV startup, according to a new SEC filing. The German automaker has overtaken Amazon as Rivian’s single largest shareholder for the first time since the compan…
Rivian says the R2 costs over 50% less to build than its R1 vehicles, a major step toward cheaper EVs if buyers see the benefit.
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation.
Rivian has reworked its loan deal with the Department of Energy and now expects to borrow $4.5 billion to build its new factory in Georgia, down from the original amount of $6.6 billion.
Recurrent’s analysis of over one billion miles of EV driving data finds that range loss is barely a factor for modern electric vehicles, with the average car retaining 95% of its original range after five years.
The company’s all-important mass-market EV is just about ready to start heading to customers.
Rivian officially started production of its R2 electric SUV at its Normal, Illinois plant today, marking the most critical milestone in the company’s history.
The production launch comes just five days after an EF-1 tornado ripped through the same f…
Nobody was hurt after an EF-1 tornado hit the part of the factory where the R2 SUV is supposed to be built.
Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part.