Amazon-backed startup Rivian begins manufacturing of electrical pickup truck, Auto Information, Automobilnews
Amazon-backed Rivian’s first electrical pickup truck has rolled off the manufacturing line, the corporate’s chief government officer stated on Tuesday.This makes Rivian the primary to deliver an electrical pickup to the market, forward of Tesla Inc, Normal Motors and others.
“This morning our first buyer car drove off our manufacturing line in Regular,” founder and Chief Govt Officer RJ Scaringe stated in a tweet, which included photos of Rivian’s R1T electrical pickup at its plant in Illinois.
Tesla boss Elon Musk in July supplied no timeframe for when the automaker would begin mass manufacturing of its much-anticipated Cybertruck.Rivian has obtained regulatory approvals from the Nationwide Freeway Site visitors Security Administration, the U.S. Environmental Safety Company and the California Air Sources Board, and its debut EVs are prepared on the market in all 50 U.S. states, an organization spokesperson stated.
In August, the corporate stated it has confidentially filed paperwork with regulators for an preliminary public providing. Two sources had informed Reuters that Rivian will search a valuation of round $70-80 billion on the time of its IPO.