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Rivian Automotive Inc
(NASDAQ:RIVN) share price

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About Rivian Automotive Inc

Rivian is a US electric vehicle (EV) manufacturer and technology company founded in 2009 with headquarters in California. The company is a major contender within the renewable energy industry, producing sports utility vehicles (SUVs), pick-up trucks, vans, and automotive accessories in its Illinois-based manufacturing plant. It has additional facilities across the US, Canada, and the UK. Rivian has released two models as of 2022, the R1T and R1S. Its vehicles operate off plant and animal-based carbon, with mid-life reparability and end-of-life recyclability planned into the design. The company also offers services such as insurance, financing, charging solutions, and fleet management. Rivian stock is listed on the Nasdaq exchange in New York. Start spread betting or trading CFDs on our Rivian share price.

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Rivian FAQs

Is Rivian owned by Ford?

US automotive giant Ford [F] owns a 12% stake in Rivian, having invested at least $500m in the electric vehicle (EV) maker in 2019. Both Ford and General Motors [GM] are competitors of Rivian within the EV SUV (sport utility vehicle) market.

Is Rivian overvalued?

Some investors may see Rivian as an overvalued stock, given that it’s a zero-revenue company with low sales. However, others may see Rivian as a growth stock within the booming electric car market, suggesting that it may have potential for the future.

Who are some of Rivian’s competitors?

Rivian’s competitors within the market include Tesla, Nikola Corporation, General Motors, Nio, Lucid Motors, Renault, and Canoo. Read our article on some of the most popular electric car stocks to watch right now.

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