Rivian Says Timing For Resuming Construction At Georgia Is Expected To Be Later To Focus Its Teams On Capital-Efficient Launch Of R2 In Normal, Illinois; DC Fast Charging Is Compatible With Both NACS (Native) And CCS (With Adapter), Charging From 10% To 80% In Less Than 30 Minutes In R2 And R3; R2 And R3 Were Built On An All-new Midsize Vehicle Platform;
Portfolio Pulse from Benzinga Newsdesk
Rivian announced a delay in resuming construction at its Georgia facility to prioritize the capital-efficient launch of its R2 model in Normal, Illinois. The company also highlighted the DC fast charging capabilities of its R2 and R3 models, which can charge from 10% to 80% in less than 30 minutes. Both models are built on a new midsize vehicle platform.
March 07, 2024 | 6:43 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Rivian's announcement of delaying its Georgia construction to focus on the R2 launch in Illinois, along with the fast charging capabilities of R2 and R3, could influence investor sentiment.
Delaying construction to focus on the R2 launch could be seen as a strategic move to ensure the efficient allocation of resources, potentially boosting investor confidence. The emphasis on fast charging capabilities highlights Rivian's commitment to innovation and could appeal to environmentally conscious investors.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90