You may wonder why the Rivian IPO has been making headlines lately. There are enough reasons behind the popularity of this electric automaker, and we now have one additional reason to follow Rivian until its opening bell is rung at NASDAQ. Rivian plans to go public around Thanksgiving this year, and is reportedly seeking a valuation of around $80 billion.
Rivian is planning to expand in the coming years, and the recent success on the EV market shows off all of the advantages of current electric car manufacturers. Rivian IPO is one of the hottest subjects in the automotive market right now, and this is why so many amateur investors are excitedly searching for terms like Rivian IPO, Rivian automotive, and similar subjects to find out if the investment into the Rivian stock is worth it.
So, what is exactly happening around the bush?
Rivian IPO: What you need to know about this Amazon-backed electric automaker
Rivian is planning to open many plants around the world and US. At the moment, the company has manufacturing processes in Normal, Illinois. This plant was acquired from Mitsubishi a few years ago, and this is where the main Rivian manufacturing happens.
Now, the plant has an output of 150,000 vehicles per year, and additional expansion is planned in this plant. Rivian aims to produce electric vehicles, drive units, battery packs, vehicle components, and fast chargers.
This American automaker plans to produce 200,000 vehicles per year by 2023. Another factory in Illinois is located in Bloomington, and this factory also focuses on automation technology and electric products.
The main representatives of the Rivian manufacturer say that the company will focus on constant improvement and product quality at the highest level. They employ only the trained and professional workers who know how to assemble all of the parts into one unit.
It is not a secret that Rivian plans to open new factories in international cities, which means that many parts for its vehicles will be produced worldwide. The automotive market needs this kind of production because dislocation to the worldwide markets brings versatility and quality to the end products.
All of these plans and achievements have created a positive atmosphere for the company to go public. Rivian IPO is meant to have a value of $80 billion. This brings a huge potential to investors and shareholders who want to use the resources of the company to gain profit.
At the same time, the Rivian company has become the main competitor to Tesla in the automotive market. Both Tesla and Rivian produce electric cars and people are searching for both companies when they want to find their ideal electric vehicle.
Tesla has been established itself as a company with great integrity, and the overall potential for growth is huge. Similarly, Rivian has so much to offer in the industry where constant innovation is a necessity. If a company like this wants to survive, it has to follow the recent trends and innovations. This is something that both companies apply in their daily operations.
When it comes to the popular vehicles that Rivian produces for the public, we have a few models that catch our attention. The commercial production of the R1T begun in September 2021 and two additional models will come in December 2021. These are R1S and EDV.
There is also a Rivian Amazon delivery van that is made to carry packages all over the country. The main three models of the vans are made to have the space for carrying 500, 700, or 900 cubic feet of packages. With these multinational vans, the packages are easily delivered and protected. Also, the vans are filled with electric batteries that are charged easily.
The functional vans, super-powerful SUVs, and sports cars are the main stars of the Rivian brand. It is no wonder why so many people are looking at these cars as the main potential on today’s automotive market. Rivian is here to stay and some of their cars will be there to prove the quality and efficiency in the years to come.
