EV start-up Rivian beats Tesla, GM, Ford as first automaker to produce electric pickup

Business
[dp_demo_ad_fullx90]

Rivian R1T electric truck
Source: Rivian

EV start-up Rivian is the first automaker to bring an electric pickup to the consumer market, beating Tesla, General Motors and others in what’s expected to be a hotly contested segment in the years ahead.

Rivian founder and CEO RJ Scaringe on Tuesday tweeted that the company’s first R1T pickup for a customer drove off the assembly line this morning at its plant in Normal, Ill.

“After months of building pre-production vehicles, this morning our first customer vehicle drove off our production line in Normal!  Our team’s collective efforts have made this moment possible,” he said. “Can’t wait to get these into the hands of our customers!”

Photos tweeted by Scaringe show workers cheering with several R1Ts on the assembly line.

A Rivian spokeswoman confirmed that the vehicles being produced are saleable. She declined to discuss the company’s plans for ramping-up production, including how many trucks were produced today, and who will be the first customers to receive the vehicles.

The beginning of production, which has been delayed several times, comes weeks after the Amazon– and Ford Motor-backed company filed a confidential draft registration form for an IPO.

Rivian is expected to be the first of a handful of automakers to produce an electric pickup by next year. GM is expected to be next this fall with the GMC Hummer EV pickup, followed potentially next year by EV start-up Lordstown Motors, Ford and then Tesla, which recently pushed back deliveries of its Cybertruck from this year to late-2022.

[dp_demo_ad_fullx90_2]

Products You May Like

Articles You May Like

House Democrats promise ‘meaningful’ relief for state and local tax deduction cap
Top earning New Yorkers could face 61.2% combined tax rate under House plan, Californians may face 59% rate
Student debt can make buying a home feel impossible. Here are your options
U.S. Open: Daniil Medvedev ends Novak Djokovic’s hopes of calendar Grand Slam and 21st major
Long-term care needs among retirees varies widely, new research shows

Leave a Reply

Your email address will not be published. Required fields are marked *