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Rivian Automotive, Inc., is an American electric vehicle manufacturer and automotive technology and outdoor recreation company founded in 2009. Rivian produces an electric sport utility vehicle (SUV), a pickup truck on a "skateboard" platform that can support future vehicles or be adopted by other companies, and an electric delivery van, the Rivian EDV. [6]
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Van sales, along with its plans to roll out its smaller, less expensive R2 SUVs in 2026, will be crucial to Rivian's success as EV maker Rivian opens up commercial van sales to all fleet sizes ...
The Rivian EDV (Electric Delivery Van) and ECV (Electric Commercial Van), also known as the Delivery, are a line of battery-electric cargo vehicles built by Rivian.Initially they were exclusive to its investor Amazon, which uses the EDV for package delivery, but in November 2023, sales were opened to other companies as the ECV / Delivery, with minor cosmetic changes. [1]
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But here's one number investors should look for in Rivian's upcoming fourth-quarter earnings on Feb. 20 that could potentially unlock this stock's upside. Where to invest $1,000 right now?
This is Rivian's most important number long-term. Gross margins are important for Rivian's near-term financial survival. But long term, there's only one number that will matter: sales growth.
The Rivian R1T was initially offered with three different batteries sized 105 kWh ("Standard"), 135 kWh ("Large"), and 180 kWh ("Max") of energy storage. [13] Rivian R1T has an estimated range of 230 mi (370 km) with the smallest battery, 314 mi (505 km) for the medium battery, and over 400 mi (640 km) for the largest battery. [20]