Rivian Automotive Stock News

Rivian's head of manufacturing is leaving the electric vehicle startup to join Stellantis at a time when the maker of Jeep SUVs and Ram pickups is preparing to launch a number of battery powered cars.

Developing an electric vehicle line of products is expensive, challenging, and uncertain. Rivian has a strong backer with Volkswagen and its joint venture.

Among one of the top-performing and reputable electric vehicle makers in the U.S.

Rivian chose a popular niche market for its inaugural products. Its next-generation vehicles will expand its addressable market.

Amazon upped its Rivian commercial van fleet by 50%. Other companies are probably getting close to being ready to pull the trigger on their own electric delivery van orders.

A parts shortage has led to a halt in Rivian's manufacturing of electric delivery vans for Amazon. Both companies said the effect will be minimal.

Rivian Automotive (RIVN) shares declined in intraday trading Friday after the electric vehicle (EV) maker halted production of vans for Amazon (AMZN) because of a parts shortage.

Rivian Automotive Inc. (NASDAQ: RIVN) has temporarily suspended the production of its electric delivery vans (EDVs) for Amazon, citing a parts shortage as the cause. This move highlights ongoing supply chain challenges that have plagued the electric vehicle (EV) industry, including Rivian, in recent years.