Rivian

RIVN

Market cap $21B

Kia decided to jump into the lucrative U.S. truck market by the end of this decade. Kia aims to boost overall U.S. sales to over 1 million vehicles, with 90,000 of those being pickup trucks.

The latest trading day saw Rivian Automotive (RIVN) settling at $16.41, representing a +2.63% change from its previous close.

AST SpaceMobile's satellite constellation is expanding. Rivian's R2 could stabilize its wobbly EV business.

Rivian's new launch could be a game changer for the company. Achieving level 4 autonomy would also boost its business.

Rivian teams up with Redwood to deploy second-life EV batteries for a 10 MWh storage system at its Illinois plant.

NORMAL, Ill.--(BUSINESS WIRE)--American automotive and technology company Rivian (NASDAQ: RIVN) and critical materials and energy technology company Redwood Materials today announced a partnership to deploy pioneering battery energy storage at Rivian's Normal, Illinois manufacturing facility. Using more than 100 second-life Rivian battery packs, Redwood and Rivian's solution will initially provide 10 megawatt-hours (MWh) of dispatchable energy to reduce cost and grid load during peak demand per.

The project highlights how battery energy is increasingly being used to power businesses and industrial facilities in the U.S.

Volatile oil and gasoline prices are making Americans consider EVs more. Electricity prices move more slowly than oil, are set domestically, and are cheaper.

Tesla (TSLA) is valued at a Price-to-Sales ratio of 12x. Rivian is valued at 3.5x its trailing revenue.

Rivian's R2 SUV could significantly boost its sales and margins. Lucid is struggling to grow, but the Saudi Arabian government firmly backs it.