Founded in 2009 by its CEO RJ Scaringe, an MIT graduate who holds a Ph.D. in automotive manufacturing. The start-up hailed from Florida but moved to Normal, Illinois in 2016 in anticipation of acquiring a scuttled Mitsubishi plant. Rivian Automotive strives to reimagine how vehicles are developed, manufactured and sold. The company currently employs around 100 employees and includes some industry veterans, such as:
- Chief Engineer – Lawrence Achram, a Chrysler Executive who worked on the Chrysler 300 and Crossfire;
- Electric Powertrain Developer – Gary Glovceri from Magna who developed the powertrain for the Ford Focus Electric;
- Design – Larry Erickson, a chief designer at GM and Ford;
- Winfield Coachman, a program manager from A123 Energy Storage and Chrysler.
Rivian received capital from a mystery investor. The 2.6 million square foot plant has a capacity of 240,000 units per annum.
RIVIAN EV SALES
Go to our detailed breakdown of Global EV Sales to see how the RIVIAN electric car strategy fares to its competitors in the fast-growing EV market.
RIVIAN AUTOMOTIVE IN THE NEWS
Week 1 2017 - Rivian Automotive acquires Mitsubishi's plant in Illinois
An Illinois-based start-up Rivian Automotive moves into old Mitsubishi plant which it closed with a full loss of employment opportunities to the Normal County in 2015. The newcomer hopes to invest $175 million in developing electric and autonomous vehicles which would create employment opportunities for 1,000 people. Rivian announced that it would unveil its first model later this year and start production in 2019.
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How successful is the Chinese New Energy Vehicles Program? The State Auditor found that 45% of Chinese EV makers sold less than 500 models per year.
Traum Auto, another new vehicle brand chasing the Chinese dream. The latest brand is from the Zotye stable officially launched on the 27th of June 2017.
#Top5 #EVNews Week 25: #Tesla Asia expansion, #China auto to battle #Tesla , #SelfDrivingNews , flood of new #EVBrands & #EVModels