Electric truck maker Rivian lands $350 million investment from Cox Automotive

  • 📰 CNBC
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 72%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Rivian on Tuesday announced automotive services company Cox Automotive will make an equity investment of $350 million in the Plymouth, Mich.-based company.

"We are building a Rivian ownership experience that matches the care and consideration that go into our vehicles," said RJ Scaringe, founder and CEO of Rivian, in a statement. "Cox Automotive's global footprint, service and logistics capabilities, and retail technology platform make them a great partner for us."

RJ Scaringe, founder and chief executive officer of Rivian Automotive, speaks after unveiling the R1S electric sports utility vehicle .Both companies declined to comment on the amount of equity Cox Automotive will receive with the investment. Rivian plans to produce vehicles at a former Mitsubishi Motors plant in Normal, Illinois, that it acquired in 2017. After being formed a decade age, the company had its coming out party by unveiling two all-electric vehicles, the R1T pickup and the R1S SUV.

Deliveries of the vehicles are expected to begin in late 2020, followed four additional products through 2025.The vehicles are expected to offer up to 400 miles of range and an "unmatched combination of off-road utility and high performance," according to the company. All-electric pickups and SUVs are potentially major new markets for established automakers as well as start-ups. Tesla is expected to unveil an

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in PT

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

AppZen Adds $50 Million to Develop AI for Finance TeamsAppZen, a maker of software for business finance teams that uses artificial intelligence, has raised $50 million in a deal led by hedge-fund firm Coatue Management. All whilst the world burns, species die, and climate changes... there are better uses of the money Congrats jamiecbarnett!
Fonte: WSJ - 🏆 98. / 63 Consulte Mais informação »