Rivian has filed a lawsuit against the U.S. government seeking a full refund of tariffs it paid under President Trump's 'Liberation Day' taxes, which the Supreme Court later ruled unconstitutional. The automaker aims to secure tens of millions of dollars in refunds as it rolls out its first mass-market SUV, the R2, and works toward profitability. The lawsuit demands the government guarantee repayment with interest and cover court fees, highlighting ongoing challenges importers face in obtaining refunds despite the Supreme Court ruling. This legal move comes amid Rivian's efforts to manage costs and invest heavily in autonomous vehicle development while expanding production.
Rivian has significantly improved its advanced driver-assistance system (ADAS), surpassing legacy competitors like General Motors but still trailing Tesla's Full Self-Driving (FSD) capabilities, especially in nonhighway and point-to-point driving. Th...
Rivian, an electric vehicle (EV) maker, has a market cap of $23 billion, surpassing global car giant Stellantis, which is valued at $20 billion despite selling millions more vehicles. Rivian expects to sell 65,000 to 70,000 vehicles this year, while ...
Rivian CEO RJ Scaringe will discuss the company's journey in building scalable hardware and its expansion beyond niche electric vehicles at TechCrunch Disrupt 2026. He highlights the launch of the $58,000 R2 SUV aimed at broadening Rivian's market am...
Nio's shares fell 5% following BlackRock's disclosure of a 12% reduction in its stake as of June 30, despite Nio showing strong operational performance with record ES9 SUV deliveries and a 71% year-over-year increase in July vehicle deliveries. The s...
