Rivian Automotive Inc. revealed on Tuesday that its revenue in the first quarter of fiscal 2025 amounted to $1.2 billion, flat on an annual basis. In the January-to-March trimester, net loss reduced year over year, to stand at $541 million, while loss from operations went from $1.5 billion to $655...
Rivian Automotive Inc. announced on Thursday that its revenue in the fourth quarter of fiscal 2024 observed an annual increase of 31.9% to land at $1.73 billion, topping analysts' expectations. Net loss stood at $743 million, improving significantly from a net loss of $1.52 billion registered in the...
During this week, a slew of companies from across the globe are expected to release their latest quarterly results, with Chinese giants in the center of happenings.Alibaba, which surged over 68% on an annual basis, is to unveil its financial report on February 20, with analysts seeing the company's...
Rivian Automotive Inc. announced on Friday that it delivered 14,183 vehicles in the fourth quarter of 2024, exceeding analysts' expectations. The company produced 12,727 units in the same period.In the full year 2024, Rivian made 49,476 vehicles, slightly above its projections of between 47,000...
Rivian Automotive Inc. announced that it received a conditional loan of up to $6.6 billion from the United States Department of Energy's (DOE) Advanced Technology Vehicle Manufacturing (ATVM) Loan Program to boost its growth and strengthen its position in the electric vehicle market in the...
Rivian and XPEL have broadened their partnership with the introduction on Wednesday of a new customization program for Paint Protection Film (PPF) and Window Film."Through this exclusive program, Rivian R1T and R1S owners in the US and Canada can order XPEL products directly from Rivian's...
Rivian Automotive Inc.'s shares popped over 13% in Wednesday's premarket session following Volkswagen Group's decision to increase its investment in "an equally controlled and owned" joint venture to develop electric vehicle architecture and software by 16% to $5.8 billion.Back in June, the...
Rivian Automotive Inc. and Volkswagen Group said the size of their deal for a joint venture called Rivian and VW Group Technology, LLC is now up to $5.8 billion, up from the initial $5 billion.The venture will "aim to use the existing Rivian electrical architecture and software technology stack, enabling...
Rivian Automotive Inc. announced on Thursday its revenue in the third quarter of the fiscal year 2024 saw an annual drop of 34% to come in at $874 million, missing analysts' expectations.On the other hand, the carmaker's net loss landed at $1.10 billion, improving from $1.37 billion reported in the...
Rivian Automotive, Inc. announced on Friday that it revisited its annual production guidance to be between 47,000 and 49,000 vehicles amid production disruption.The electric vehicle manufacturer stated that the disruption was caused by a shortage of a shared component on the R1 and Revenue Cycle...
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