Amazon-backed startup Rivian starts production of electric pick-up
In August, Rivian claimed it has confidentially filed paperwork with regulators for a going public. Two resources had informed Reuters that the company will look for an assessment of around $70-80 billion at the time of its IPO.
(Reuters) - Amazon.com Inc-backed Rivian's initial electric pick-up has actually rolled off the production line, the firm's chief executive claimed on Tuesday.
This makes Rivian the first to bring an electrical pick-up to the market, in advance of Tesla Inc, General Motors and also various other gamers.
" This morning our first customer car repelled our production line in Normal," creator as well as Chief Executive Officer RJ Scaringe said in a tweet https://twitter.com/RJScaringe, which included images of Rivian's R1T electrical pick-up truck at its plant in Normal, Illinois.
Rivian declined to comment past Scaringe's tweet.
When the car manufacturer would begin mass production of its much-anticipated Cybertruck, Tesla employer Elon Musk in July offered no duration for.
( Reporting by Chavi Mehta in Bengaluru; Editing by Shailesh Kuber).