EV Maker Rivian Plans to Spend $5 Billion on 10,000-Acre Plant

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Compare that to Tesla Giga Austin's 2,300-2,400 acres and $1.1-1.2 Billion cost.

Tesla needs to start on building another plant and adding more truck models!!!



EV Maker Rivian Plans to Spend $5 Billion on 10,000-Acre Plant
A company document proposing a colossal second factory, likely to be built in Arizona, reveals an $5 billion initial investment from Rivian, according to a report from Reuters.
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BY CALEB MILLER
JUL 28, 2021

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RIVIAN
  • After production of the R1T begins at Rivian's Normal, Illinois, late this summer, Rivian will break ground on a new facility, according to company documents obtained by Reuters.
  • The proposal calls for an initial investment of $5 billion and a 10,000-acre plot that would dwarf most factories, such as BMW's 1200-acre Spartanburg, South Carolina, plant.
  • Rivian is currently considering building on land to the east of Mesa, Arizona, and CEO R.J. Scaringe has already held talks with the governor of Arizona, according to Reuters.
Earlier this month, we reported that deliveries of the Rivian R1T electric pickup would be delayed until September after originally being scheduled to start in July. Rivian has said that the R1T, as well as the related R1S electric SUV, will be built in Rivian's factory in Normal, Illinois, when sales finally get underway. According to a report from Reuters, the Amazon-backed startup is already planning a second vehicle assembly plant, with a company document revealing that Rivian will invest $5 billion in the new facility. Rivian is also building electric commercial vans for Amazon.

Although an early document obtained by Reuters did not directly identify Rivian and said the plant would sit on a 2000-acre plot, the revised proposal divulges plans for a plant on a vast 10,000-acre property, which Rivian calls Project Tera, Reuters said. Officials allegedly said that finding a plot of land that big would be a tricky endeavor, and if the factory was built to that size it would be more than eight times larger than BMW's 1200-acre plant in Spartanburg, South Carolina, where the German automaker built more than 400,000 SUVs in 2019.

The document also said that Rivian aims to break ground on the factory in the fall of this year, with production beginning at the plant in the second quarter of 2023. Unsurprisingly, Reuters cited sources with knowledge of the proposal as saying the plans are likely pushed back by up to six months due to the pandemic. The factory location has yet to be confirmed, but Reuters' sources mentioned land near Gold Canyon, east of Mesa, Arizona, and said that Rivian CEO R.J. Scaringe has discussed the proposal with Arizona Governor Doug Ducey. The company already has a presence in the area, with a small engineering and test center in Wittmann, just north of Phoenix and about an hour's drive from Mesa.

https://www.caranddriver.com/news/a37159110/rivian-plans-investment-plant/



Rivian filed trademarks for 6 new model names after $2.5 billion investment round

Reportedly looking to build a second U.S. plant

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The American electric vehicle startup filed trademark applications for six new model names on the same day it announced the closing of a $2.5 billion funding round led by existing stakeholders Amazon, Ford and T. Rowe Price.

The marks cover the names R3T, R3S, R4T, R4S, R5T and R5S in the same style as the Brands R1T pickup and R1T SUV that are set to launch this year. It previously registered R2T and R2S.

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The R1T is set to be Rivian's first model. (Rivian)
Rivian recently delayed the first deliveries the R1 models from summer to fall, due to the ongoing semiconductor shortage, but Reuters reported this week that it has started looking for a site to build a second factory that it's prepared to commit $5 billion toward.

The automaker's existing plant is in Normal, Ill., while a location near Mesa, Ariz., is under consideration for the new one, according to the report.

Rivian has declined to comment on the plant search and trademark applications, however CEO R.J. Scaringe in 2019 told Bloomberg that the company was aiming to launch six models globally by 2025.

The midsize R1T has a starting price of $67,500 and the R1S lists at $70,000. It's unclear exactly how the new model names would be used in an expanding lineup. Rivian also has an order to build 100,000 electric delivery vans for the Amazon Prime service.

Amazon executive chairman Jeff Bezos' Blue Origin spaceflight company used an R1Sprototype to shuttle him and his fellow astronauts to the launch pad for the maiden flight of its New Glenn rocket.

https://www.foxbusiness.com/lifestyle/rivian-trademarks-6-model-2-5-billion-investment
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Comparing the Rivian R1T Against Rival Electric Pickups
Rivian will be the first to sell a mass-market electric pickup, but rivals aren't far behind

  1. Comparing the Rivian R1T Against Rival Electric Pickups
  • cameron-rogers.jpg
    byCAMERON ROGERS
  • July 30th, 2021

    • The Rivian R1T will be the first mass-market electric truck.
    • But a field of established automakers are nipping at its heels.
    • Here's how the R1T stacks up against the GMC Hummer EV, Tesla Cybertruck and others.
  • While there are a wide range of electric sedans, hatchbacks and SUVs on the market, a full complement of electric motors still eludes one class in particular: the full-size pickup. But that will change in just a couple months' time with the scheduled release of the Rivian R1Tthis September. While the R1T will beat the rest to market, it is merely the first of many electric trucks coming out over the next few years. Here's how it stacks up against the incoming competition.


    2022 GMC Hummer EV
    gmc_ns_73021_717.jpg

    General Motors created some buzz when it announced the relaunch of the Hummer SUV last year. Even more surprising was that the name would be used on not a gas-guzzling truck but an electron-guzzling off-road-oriented pickup. "Wow, this nearly 24-month wait will be interminable," we thought. And then holed up in our houses for a year and a half (and counting!) and promptly forgot about GMC's electric brick.

  • But the 2022 GMC Hummer EV is coming — it's almost here, in fact. Prospective buyers have reserved all of the first-year Edition 1 models; if you haven't plunked down cash yet, your next chance will be in the fall of 2022 when the Hummer EV3X is released. Buyers taking delivery this year will be the first to experience GM's long-range electric pickup.

  • Specs are impressive for this big beast: Three electric motors produce a combined 1,000 horsepower, enough to propel this truck, GMC says, from zero to 60 mph in just 3 seconds. The manufacturer also claims the Edition 1 can travel up to 350 miles on a charge and add 100 miles of range in 10 minutes using a high-output DC fast-charging station.

  • For reference, the R1T Launch Edition (also the only version available this year, and also sold-out) produces about 750 horsepower, but should still sprint to 60 in 3 seconds flat. The standard battery pack provides more than 300 miles of range, Rivian says, though a larger pack with more than 400 miles of range is planned for early next year.

  • So Rivian can match the Hummer in terms of performance, and will soon outlast it on long-distance road trips, too. The R1T is also far less expensive than the initial versions of the GMC Hummer EV. However, the Hummer has unique features including Crab Walk (which turns the rear tires of a stationary Hummer up to 10 degrees in the same direction as the fronts for low-speed diagonal movement) or Wrangler-like removable roof panels. Also on deck is GM's Super Cruise system, which allows for hands-free driving on certain limited-access roads like divided highways. The winner in this on-paper comparison depends on how much you value the Hummer's off-road prowess, and how long you can wait to get behind the wheel.

  • Ford F-150 Lightning
    ford_ns_73021_717.jpg

    The Rivian R1T and GMC Hummer EV are both highly desirable, but their high prices — about $73,000 for the R1T Launch Edition and over six figures for the Hummer EV Edition 1 — will also make these trucks inaccessible for many. The 2022 Ford F-150 Lightning starts at around $41,000, which is only about $6,000 more than a comparable gasoline model. Note too that the Lightning's price premium shrinks if you're able to take advantage of available federal and state EV credits.

  • The F-150 Lightning's specs are more modest in comparison to the headliners above. The standard pack delivers an estimated 230 miles of range, and the dual-motor powertrain produces 426 hp (though the 775 lb-ft of torque is substantial). The extended-range pack will boost range to about 300 miles and increase output to 563 hp. Ford says a Lightning with the bigger pack will accelerate from zero to 60 mph in a quick 4.5 seconds.

  • In addition to the new powertrain, the Lightning replaces the F-150's solid rear suspension with a fully independent setup, which should translate to a more comfortable ride and improved handling. Ford's new BlueCruise system is also along for the ride and should function similarly to the Hummer EV's Super Cruise platform.

  • Chevrolet Silverado 1500
    chevrolet_ns_73021_717.jpg

    This is where our comparison gets a little cloudier. Chevrolet has announced that an electric Silverado 1500 is in the works, and it will be equipped with the same battery technology used in the GMC Hummer EV. But don't expect to see a Silverado EV at your Chevrolet dealership anytime soon. General Motors generally announces its vehicles far in advance — refer to the Hummer EV's unveiling in February 2020 for a release in fall 2021 as an example. If Chevy pulled the wraps off an electric Silverado tomorrow, chances are it wouldn't be available to purchase until late 2022. The only solid data point we have is that Chevrolet is targeting range of 400 miles.

  • Ram 1500
    ram_ns_73021_717.jpg

    The electric Ram 1500 is another vehicle that is confirmed to be in development, but few specifics are known at this point. This Ram will reside on the largest of parent brand Stellantis' upcoming EV platforms. This platform in particular is said to deliver a target of 500 miles of range. That figure is significantly more robust than what others are promising. While that might not matter much in everyday situations, a big battery is critically important for towing. Pulling a trailer causes an EV's range to drop precipitously, so having plenty of range to work with in the first place makes long-distance lowing possible. Unfortunately, the electric Ram 1500 isn't slated to enter production until the 2024 calendar year.

  • Tesla Cybertruck
    tesla_ns_73021_717.jpg

    Our SEO team says we can't write about electric trucks without mentioning the Tesla Cybertruck. So here it is. Tesla Cybertruck. There, are you happy, Mike?
    Anyway, Tesla made waves back in November 2019 when it pulled the wraps off the Cybertruck, seemingly the world's first vehicle styled solely with a protractor. While Tesla gets credit for already rolling out a concept vehicle, it sports too many details that we have a hard time believing would make it to production. Examples include the lack of exterior mirrors and the bullet-resistant bodywork. Tesla is also targeting 500 miles of range for the top tri-motor trim, which Tesla says can accelerate from zero to 60 mph in less than 3 seconds. Our take? Wait till you see these things on the road before sending money to Elon to reserve one.
    Edmunds says
    When the 2021 Rivian R1T finally rolls off the production lines, it will be the only electric pickup on the market. However, rivals from some traditional automakers aren't far behind, and some might be worth waiting for.




    https://www.edmunds.com/car-news/comparing-the-rivian-r1t-against-rival-electric-pickups.html






 

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NEWS FLASH: "Drunken executives at company with zero products draws picture of biggest manufacturing facility in the world on the back of a napkin, priced at 10x of the cash they have on hand. Film at 11."
 

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"We have to mention the Cybertruck... but don't think it'll get made."

Okay. o-o That sure compares the Rivian against umm... Trucks that are coming out this year.

-Crissa
 
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NEWS FLASH: "Drunken executives at company with zero products draws picture of biggest manufacturing facility in the world on the back of a napkin, priced at 10x of the cash they have on hand. Film at 11."
Psilocybin mushrooms make you hallucinate.
 

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JOURNALIST TRANSLATOR BOT 1.0

-------------------------------------------------
Journalist:
"Our SEO team says we can't write about electric trucks without mentioning the Tesla Cybertruck. So here it is. Tesla Cybertruck. There, are you happy, Mike?"
-------------------------------------------------
English:
"We're shilling for our advertisers but using the word 'CyberTruck' gets us more clicks, although that doesn't mean we'll say anything nice or even informative about it. Take that, journalistic integrity! In your face!"
-------------------------------------------------
 
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"We have to mention the Cybertruck... but don't think it'll get made."

Okay. o-o That sure compares the Rivian against umm... Trucks that are coming out this year.

-Crissa
Edmunds a bit biased, huh?
 
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Rivian All-Electric Amazon Delivery Vans Testing On Detroit Roads
rivian-amazon-electric-delivery-van-2.jpg



Jul 30, 2021 at 12:48pm ET
10

Despite R1T and R1S delays, Rivian's Amazon van is unaffected. Now, testing is expanding into new areas.
Since you likely follow the EV segment, you're probably aware that Rivian delayed its R1T and R1S vehicles from June 2021 to July, and then more recently, the startup electric pickup truck maker pushed them back once again to Septmember 2021. However, the company has made it clear that its unique and exciting Amazon electric delivery van is still on track as initially planned.

We've reported on the Rivian Amazon van many times, as it has been seen out testing in California. Testing started in just a few cities, such as San Francisco and Los Angeles, and has since expanded to other states, including Colorado and Oklahoma. Now, the electric van has been spotted in Michigan.

As you may know, Rivian has several locations around the globe, but Michigan has been one of its main hubs for some time. Added to that, Detroit is still arguably considered the heart of the US auto industry, so this all makes sense. In addition, Rivian needs to continue adding key locations to its list of test cities, since its goal is to test in at least 16 cities before it officially launches the Amazon electric van.

According the Automotive News via Teslarati, a Rivian engineer was riding in the electric van that was spotted in Michigan. He told the publication that the electric vans are now testing in the Detroit area. He also said that the vans in Michigan were assembled at Rivian's Plymouth, Michican design center, which we visited in the pastfor our first look at the R1T and R1S.

Amazon is one of many companies that has invested in Rivian, and the online retailer ordered 100,000 vans for the future. Rivian intends to make about 10,000 electric vans for Amazon in 2022.


Have you seen a Rivian Amazon electric delivery van in your neighborhood? Some of us at InsideEVs live in Michigan, so we'll be keeping our eyes out. In the meantime, check out the Rivian van testing in Los Angeles.




https://insideevs.com/news/523588/rivian-amazon-delivery-can-michigan/
 
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Elon mentioned a van, where is it? No mention of it in Q2 earnings.

Maybe later on in the year there will some mention of a van being developed.

Seems like Tesla is starting to fall behind on developing more trucks and vans/delivery trucks.

Meanwhile, Elon is starstruck on Mars :rolleyes:
 
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Compare that to Tesla Giga Austin's 2,300-2,400 acres and $1.1-1.2 Billion cost.

Found this:
Tesla Giga Texas To Cost Only 400 Million According To Leaked Internal Documents
Leaked project overview documents from Tesla suggest Giga Texas will be constructed at a cost of only $400 million. The documents also reveal the expected number of employees and current job openings at Giga Texas.
https://www.torquenews.com/11826/te...0-million-according-leaked-internal-documents
 

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Tesla is doing okay with their currently four models at two going on four plants. Possibly more on the horizon.

What other EV maker will be producing close to a million vehicles this year and selling every vehicle produced?

Spending billions on a single large plant doesn’t guarantee success, but I do hope Rivian is one of the survivors in the EV movement.
 
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Possibly more on the horizon.
I certainly hope so!

If any company can do EV's right, it's Tesla. It's time for expansion!

My thinking is that Elon is taking on too much responsibility at Tesla. I could be wrong but who else do you see when it comes to anything about Tesla? All you see is Elon Musk. Maybe he should relegate more responsibility to someone else?

Tesla doesn't have the burden of trying to transition from ICE vehicles to EV's. They could really step up their game a little.

I have a theory that Elon is still wary(gun shy) after almost going bankrupt and that is why he is risk-averse.

Spending billions on a single large plant doesn’t guarantee success
Nothing is guaranteed. When Elon bought Fremont it wasn't a guaranteed success.

There will always be a certain amount of risk in business ventures.
 

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Edmunds a bit biased, huh?
Edmunds middle name is Bias and they are not afraid to put it on their business card because their readers are too stupid to notice. Plus, all their revenue comes from traditional automakers and their dealers.

In a few short years they will probably be filing for non-profit, tax exempt status. :ROFLMAO:
 

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There's a Nikola site in the Az cotton and alfalfa fields. I see a pattern developing...............

I don't know what they are going to even put into production there. (Edit: the Semi only it appears)

Is there any trust in the Nikola name yet?

Lucid is just a few miles away as the crow flies.

 
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