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Discussion in 'Electric Vehicles' started by Takumi, Jan 6, 2017.
Rivian Automotive Closes Deal on Massive Factory in Illinois
The unveiling (sort of) of a Florida-made car
The Factory that could of been Tesla's
Seems they have left a trail of scams across multiple states over the years under various names (Rivian being the latest).
Sounds like a car to be designed and built by a committee, no a Community!!
EV Start-Up Rivian Gets $50 Million In State Tax Credits From Illinois
Authoritative Trade Journal Automotive News.
Rivian plans to start EV output at ex-Mitsu plant by 2020
"The company aims to produce a fully electric five-passenger pickup and a seven-passenger SUV at the plant, despite having not yet released any designs. The pickup is expected to go 400 miles between charges, offer some self-driving capabilities and cost no less than $50,000, but will not be released before 2020, Crain's Chicago Business reported.
Rivian received the loan($200M) from Standard Chartered Bank, bringing its financing total to $450 million. Investors include the investment arm of Saudi company Abdul Latif Jameel and Sumitomo Corp. of Americas, and there are other investors that are unnamed."
Rivian needs to have a potent strategy to succeed where so many have failed before...
SF Motors and Workhorse have itty bitty factories. SF backed by a small but real Chinese automaker while Workhorse has experience in truck coachbuilding but not manufacturing.
Other than that they are way ahead of the game of every other EV startup because they have a real big boy Auto Manufacturing Plant.
Like when Tesla bought the factory from Toyota. I wouldn't say every other startup.
In North America, I would say yes.
Some Chinese startup with Billions of $$$ and Chinese government blessing no.
And, no Tesla is no longer a "startup."
Launch Of Rivian Electric Truck Draws Near, 3-Row SUV To Follow
The company is developing a single platform for many models and the first two are a five-passenger pickup truck scheduled for 2020, and a 7-seat, three-row SUV that will come afterward.
Both of those cars will be premium products with prices between $50,000 to $100,000, with long-range of up to 450 miles (724 km) and strong performance like 0-60 mph in three seconds. Off-road capabilities are promised to exceed Jeep and Land Rover.
The company hopes to produce 50,000 cars annually at the plant it acquired from Mitsubishi in Normal, IL. Initial venture capital has been provided by way of financing of $500 million.