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

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Amazon-backed Rivian in talks with ministers over UK factory -Sky News
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The logo for electric vehicle startup Rivian is seen on the hood of its new R1T all-electric truck in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino

July 31 (Reuters) - Amazon.com Inc-backed electric vehicle start-up Rivian Automotive is in talks with ministers about building a factory in the UK that could include a big state support package, Sky News reported on Saturday.

The company, which is also backed by Ford Motor Co (F.N), has been in negotiations with the British government for weeks about the construction of a plant near Bristol, the report added.

The talks are not yet at an advanced stage but any investment decision would likely be worth well over 1 billion pounds ($1.39 billion), the report said, citing sources.

The Department for Business, Energy and Industrial Strategy (BEIS) declined to comment on "individual investments".

In an emailed statement to Reuters, BEIS said: "While we are working to attract inward investment into the UK to accelerate the growth of new industries, we cannot comment on speculation about individual investments."

Rivian, seen as a potential rival to Tesla Inc (TSLA.O), said this month it expects to begin first deliveries of its R1T pick-up truck in September and its R1S SUV in the autumn.


https://www.reuters.com/business/au...inisters-over-uk-factory-sky-news-2021-07-31/
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Rivian’s factory in Britain is in the same site rumored for Tesla Giga UK

Rivian is in talks with UK ministers to build a giant factory. The United Kingdom’s Prime Minister, Boris Johnson, has reportedly been briefed on the discussions with Rivian and has taken a keen interest in its progress.

Insiders reported that Rivian is interested in placing its UK factory in Gravity, a smart campus near Bristol. Gravity promises to be one of the most sustainable smart campuses in Europe. It’s also the site rumored to be the location for a potential Tesla Gigafactory UK.

In May 2020, reports emerged from the UK stating that the British government was seeking a 91-acre site for Tesla in Gravity. These rumors were rekindled this past March when West Somerset MP Ian Liddell-Grainger remarked that Somerset has the manufacturing skill and competence to sustain an “excellent Gigafactory.”

The 616-acre smart campus offers direct access to the Bristol deep seaport and on-site rails for passengers and freights. Gravity is also strategically located near Bristol and Exeter International Airport and universities for a robust pool of talent.

Rivian plans to start delivering its all-electric R1T pickup truck this fall after some delays. In an email to reservation holders, Rivian CEO RJ Scaringe stated that the global semiconductor shortage was partly responsible for recent delays. Meanwhile, the EV automaker seems to be expanding its footprint in the United States.

In May, Rivian proposed the addition of two buildings to its 510-acre property in Normal, Illinois. The company also purchased 380 acres near its factory in Illinois and asked Normal to annex the farmland and rezone 320 acres of the plot for industrial use.

More recently, Rivian announced plans to build a second US assembly plant, dubbed Project Tera. It plans to initially invest $5 billion in the project. The new plant’s location is still being decided, but Rivian projects that it would support more than 10,000 jobs.

Rivian is allegedly preparing to launch an initial public offering in New York sometime this year, which is expected to value it at $70 billion.

https://www.teslarati.com/rivian-uk-factory-site-tesla-giga-uk/
 
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Rivian’s factory in Britain is in the same site rumored for Tesla Giga UK

Rivian is in talks with UK ministers to build a giant factory. The United Kingdom’s Prime Minister, Boris Johnson, has reportedly been briefed on the discussions with Rivian and has taken a keen interest in its progress.

Insiders reported that Rivian is interested in placing its UK factory in Gravity, a smart campus near Bristol. Gravity promises to be one of the most sustainable smart campuses in Europe. It’s also the site rumored to be the location for a potential Tesla Gigafactory UK.

In May 2020, reports emerged from the UK stating that the British government was seeking a 91-acre site for Tesla in Gravity. These rumors were rekindled this past March when West Somerset MP Ian Liddell-Grainger remarked that Somerset has the manufacturing skill and competence to sustain an “excellent Gigafactory.”

The 616-acre smart campus offers direct access to the Bristol deep seaport and on-site rails for passengers and freights. Gravity is also strategically located near Bristol and Exeter International Airport and universities for a robust pool of talent.

Rivian plans to start delivering its all-electric R1T pickup truck this fall after some delays. In an email to reservation holders, Rivian CEO RJ Scaringe stated that the global semiconductor shortage was partly responsible for recent delays. Meanwhile, the EV automaker seems to be expanding its footprint in the United States.

In May, Rivian proposed the addition of two buildings to its 510-acre property in Normal, Illinois. The company also purchased 380 acres near its factory in Illinois and asked Normal to annex the farmland and rezone 320 acres of the plot for industrial use.

More recently, Rivian announced plans to build a second US assembly plant, dubbed Project Tera. It plans to initially invest $5 billion in the project. The new plant’s location is still being decided, but Rivian projects that it would support more than 10,000 jobs.

Rivian is allegedly preparing to launch an initial public offering in New York sometime this year, which is expected to value it at $70 billion.

https://www.teslarati.com/rivian-uk-factory-site-tesla-giga-uk/
Isn't that interesting.........
 
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Will Irvine-based Rivian be the ‘Tesla of trucks?’
Production complexities challenge electric vehicle maker as it struggles to launch a new line of electric pickup truck and sports utility vehicles.

[IMG alt="RJ Scaringe, founder and chief executive officer of Rivian Automotive Inc., speaks after unveiling the R1S electric sports utility vehicle (SUV) during a reveal event at AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California, U.S., on Tuesday, Nov. 27, 2018. With its crew-cab and short bed, the R1T seems to be taking aim at the Ford F-150 Raptor. Photographer: Patrick T. Fallon/Bloomberg
"]https://www.ocregister.com/wp-content/uploads/2021/08/OCR-Z-RIVIAN-TRIO-0314-1.jpg?w=525[/IMG]
RJ Scaringe, founder and chief executive officer of Rivian Automotive Inc., speaks after unveiling the R1S electric sports utility vehicle (SUV) during a reveal event at AutoMobility LA ahead of the Los Angeles Auto Show in Los Angeles, California, U.S., on Tuesday, Nov. 27, 2018. With its crew-cab and short bed, the R1T seems to be taking aim at the Ford F-150 Raptor. Photographer: Patrick T. Fallon/Bloomberg
By JEFF COLLINS | [email protected] | Orange County Register
PUBLISHED: August 2, 2021 at 8:28 a.m. | UPDATED: August 2, 2021 at 8:56 a.m.

It’s a challenge for any automotive startup to produce its first new car.
Irvine-based Rivian is trying to launch three at once — an electric pickup, an electric sport utility vehicle and an electric Amazon delivery van.

Getting off the ground “is a big deal for an EV startup,” AutoForecast Solutions Vice President Sam Fiorani told Bloomberg News in March. “But Rivian takes on the added complication of having three models come out in the same year.”

Fiorani noted the U.S. has had just one successful auto manufacturing startup since World War II: Tesla.

Despite production delays, some experts are calling Rivian “the Tesla of trucks,” in part because of the huge amount of financial support and technical advice it’s getting from the likes of Amazon, Ford, T. Rowe Price, Fidelity and Cox Automotive.

With the closing of its latest $2.5 billion round of private funding on July 23, Rivian announced it has raised $10.5 billion since 2019. Bloomberg estimated the company’s value at nearly $28 billion earlier this year.

Rivian brands its EVs as “adventure products,” designed for outdoor enthusiasts who crave a vehicle that drives well both on and off the road. Air compressors are standard, and for a little extra, customers can get a camp stove with the pickup that slides out of a hidden storage compartment called the “gear tunnel.”

Production of its R1T pickup truck was postponed from late 2020 to June, then to July and now is planned for September.

The starting price for the launch edition is $73,000, not counting the discounts buyers get from federal and state tax credits. Production for the seven-seat SUV, the R1S, is planned to start a month or two after the truck, with a starting price of $75,500 before tax rebates. The company says both vehicles have a range of about 300 miles fully charged and go from zero to 60 mph in 3 seconds.

Here are questions and answers about Rivian based on news reports, company posts and past interviews with Rivian founder and CEO RJ Scaringe.

Q: How long has Rivian been around?

A: RJ Scaringe, 38, founded the company in his home state of Florida in 2009, not long after completing his Ph.D. in mechanical engineering at the Massachusetts Institute of Technology. Originally named Avera Motors, Scaringe rebranded his firm as Rivian Automotive in 2011. The name pays homage, in part, to the Indian River Lagoon near Scaringe’s hometown of Melbourne, Fla., he wrote.

Rivian spent the next seven years “in stealth mode” designing its new vehicles until their unveiling at the Los Angeles Auto Show in 2018.

Q: Who is RJ Scaringe?

A: The Florida native first dreamed of starting his own car company when he was in high school, Forbes reported.

He studied for his doctorate at MIT’s Sloan Automotive Lab. While there, Forbes reported, he grew disillusioned with the idea of building another gas-powered car.

During a 2020 interview with the Lean Enterprise Institute, Scaringe said civilization’s addiction to fossil fuels has reached at “an inflection point.”

“The fossil fuels we use today were built up over the course of approximately 300 million years. We’ve used about half of that in 100 years. So, it’s not a debate as to whether we have to switch off our dependence on fossil fuels,” he said.

“The other wrinkle in this is the impacts of burning fossil fuels. The longer we wait to make a transition, the greater the damage to the planet and air quality. Essentially, what we’re doing is taking carbon that was buried in the earth and moving it into the atmosphere. … We see a huge urgency to solve that, and solving that is not an easy problem.”

At Rivian, Scaringe said, “we’re building something that is meaningful. We’re making something that matters for our kids’ kids’ kids.”

OCR-L-Irvine-EV-0801-BezosRivian1-01.jpg
Amazon founder Jeff Bezos and fellow passengers on Blue Origin’s first human space flight climb into a pre-production Rivian SUV used to shuttle them to the launchpad. Amazon is a major Rivian backer and has 100,000 Rivian delivery vans on order. (Staff screen shot of Blue Origin video)
Q: How fast is Rivian growing?

A: The company went from 600 employees at the end of 2018 to more than 7,000, “and is growing every week,” a company spokeswoman said. More than 1,400 of its employees are based in Southern California.

Q: Where are Rivian vehicles being built?

A: The company paid $16 million in 2017 for a 3.3-million-square-foot former Mitsubishi plant in Normal, Ill., about 38 miles east of Peoria.

The Rivian plant currently has more than 2,200 employees and is expected to have 3,000 workers by early 2022, a company spokeswoman said.

The Chicago Tribune reported the company also has 1,000 robots to help build vehicles. Scaringe has posted several tweets showing robots painting vehicles and dipping chassis into a chemical bath.

Q: How many vehicles does Rivian plan to build each year?

A: Rivian expects to deliver 20,000 units its first year and 40,000 its second, according to Forbes. The company won’t say how many vehicles have been pre-ordered.

Q: Rivian has been around for 12 years, but has yet to sell a single vehicle. What has it been doing all those years?

A: To build an auto company from scratch, Scaringe told the Lean Enterprise Institute, “there are a number of items you need to have at the same time or in parallel, all of which are hard.”

You need billions of dollars, thousands of engineers, about 250 suppliers, a manufacturing plant and a team, he said.

“I had none of those,” he said. “No team, no money, no plants, no suppliers, no facilities.”

The challenge was convincing people to give him startup capital when he had nothing to show he could build EVs, he said. It took two years to develop an initial product plan. He then set out to show backers he had a product that was both technically feasible and for which there is a market.

“Today, it’s easy to see there’s a market (for EVs),” Scaringe said. “But eight, nine years ago, for an electric pickup truck, (it) took some convincing.”

Q: What’s holding up production?

A: In a letter to customers last month, Scaringe blamed delays on the “cascading impacts of the pandemic.”

“Everything from facility construction to equipment installation, to vehicle component supply (especially semiconductors), has been impacted by the pandemic,” he wrote. “Beyond these unforeseen challenges, launching three new vehicles while setting up a multi-vehicle manufacturing plant is a complex orchestra of coordinated and interlinked activities where small issues can translate into ramp delays.”

Scaringe said Rivian’s two production lines have completed hundreds of vehicles for testing purposes but is holding off on sales to ensure “the quality and robustness of our launch products.”

In an interview last November with Bloomberg’s Ed Ludlow, Scaringe said he expects supply constraints to hamper production through 2023.

“The challenge of launching a production system,” he told Ludlow, “is managing complexity.”

will-irvine-based-rivian-be-the-tesla-of-trucks
 

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Despite production delays, some experts are calling Rivian “the Tesla of trucks,” in part because of the huge amount of financial support and technical advice it’s getting from the likes of Amazon, Ford, T. Rowe Price, Fidelity and Cox Automotive.
So I dug a little deeper and the main source as "some experts" is linked Jeff Collins article "Will Irvine-based Rivian be the Tesla of Trucks". If you hadn't noticed, that's Jeff Collins referencing Jeff Collins (himself) as an expert. So who is Jeff Collins?

" For more than a decade, Jeff Collins has followed housing and real estate, covering market booms and busts and all aspects of the real estate industry. He has been tracking rents and home prices, and has explored solutions to critical problems such as Southern California’s housing shortage and affordability crisis. " An expert... just not in the automotive industry.

So we're at the point where Car and Driver begrudgingly acknowledges Tesla and Rivian is the Telsa of trucks because somebody is a keyboard jockey.

I'm going to reference an "expert", this "expert" [me, I'm the expert because like Jeff Collins I have a keyboard and access to the internet] says that Rivian will be the number 2 to Tesla after the Big 2.5 are sucking hind tit. As long as Jeff Bezos is backing Rivian, it will eventually happen. Amazon is great at extracting value, driving down prices, logistics, software, and distribution. As long as Jeff Bezos does not get in the way of things, a known micromanager, then Rivian won't be another failed Bezos Fire Phone. As a startup that's not worried about topline revenue falling (Ford/GM) and more worried about topline revenue rising (startup), it's got a healthy start.

Another reference from the "expert" is the comparison between UPS and FedEx. UPS and FedEx both deliver anywhere in the world but the roots of UPS is a ground carrier. FedEx is air freight. Both do the other but both also stick with the lady that brought them to the dance. In 10 or 20 years time, the same will be true of Tesla and Rivian. Just as Google is a software company that makes hardware and Apple is a hardware company that makes software, Tesla is an energy company that makes cars and Rivian is a car company that builds EVs.
 
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Rivian R1T Buyers Get Their First Opportunity To Experience The Electric Pickup
BY BRAD ANDERSON | POSTED ONAUGUST 9, 2021 5
Rivian-R1T-1024x555.jpg



Rivian recently announced that it would delay deliveries of the R1T but eager to give its customers a taste of the all-electric pickup, the automaker has hosted a driving experience at its facility in Normal, Illinois.

A video shared to YouTube by Rivian shows a number of pre-order holders testing out the R1T both on and off road, putting it through its paces and getting their first opportunity to see what it

The tests only scratch the surface of what the R1T should be capable of but do show it climbing a steep dirt hill, a rocky hill, and powersliding along the gravel. Rivian chief executive RJ Scaringe was also at the event, speaking with those owners in attendance.

As Rivian is one of many new electric startups, it’s easy to forget just how difficult it is to start a car company from scratch. We have seen many try and many fail, with Tesla being the only one to hit the mainstream and begin mass production and deliveries of its models in recent years. With this in mind, it’s no surprise that Rivian is attempting to cultivate a strong following with events like this before it begins deliveries.

As a reminder, the Rivian R1T comes standard with four electric motors that combine to produce “more than 800 hp and 900 lb-ft (1,220 Nm) of torque” through its quad-motor powetrain. The first variant to hit the market will have a range exceeding 300 miles (482 km).

Note: Rivian has updated the output figures of the RT1 to over 800 hp and 900 lb-ft.



https://www.carscoops.com/2021/08/r...pportunity-to-experience-the-electric-pickup/
 

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I'm going to reference an "expert", this "expert" [me, I'm the expert because like Jeff Collins I have a keyboard and access to the internet] says that Rivian will be the number 2 to Tesla after the Big 2.5 are sucking hind tit. As long as Jeff Bezos is backing Rivian, it will eventually happen. Amazon is great at extracting value, driving down prices, logistics, software, and distribution. As long as Jeff Bezos does not get in the way of things, a known micromanager, then Rivian won't be another failed Bezos Fire Phone. As a startup that's not worried about topline revenue falling (Ford/GM) and more worried about topline revenue rising (startup), it's got a healthy start.
I'm not so sure Rivian will be #2. It's certainly the most interesting other truck out there right now, but the base model is $67k... and that's not even available at launch. It seems far more likely at this point that Ford will be the #2 EV truck maker... assuming they can ramp production.

Bezos seems to have a weird obsession with Elon Musk, and Bezos obviously has piles and piles of money, but he's prone to tilting at windmills. Driving down costs is good, but Musk's engineering team is ridiculously good. Apparently if you want to be a SpaceX engineer, you have to come from Tesla... That's insane.
 

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Rivian does have a good patron. But they already have designs and customers for their commercial variants. Ford doesn't. Not to mention batteries. Ford and Rivian still haven't broken ground on their next, sole-provider battery factories.

-Crissa
 
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