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Rivian Automotive, Inc.
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==Catalysts== Rivian has recently tripled EV production and deliveries in Q2 in 2023. Production was up 218% higher than a year ago, which made it to be the best quarter in the company’s history. Rivian had reported 12,640 units which is 183% higher than 2022. Rivian had recently decided to switch to Tesla’s North American Charging standard charging connector (NACS) starting 2025, to leverage the charging infrastructure that Tesla has built. This is a stride towards standardizing EV charging infrastructure and potentially capitalizing operational efficiency and customer convenience, as Tesla Super chargers account for 60% of the fast chargers available in the United States according to the U.S. Department of Energy. Rivian electric delivery vans are beginning to expand into Europe through Amazon, as electric vans will be used to deliver packages among major cities including Munich following Amazon’s announcement to electrify the European transportation network, reduce carbon emissions and reaching net-zero by 2040. Amazon aims to have 100,000 electric delivery vehicles from Rivian globally by 2030.
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