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Rivian's "Star-sucking Act" with a total financing of more than $2 billion has been completed

via:雷锋网     time:2019/9/13 14:00:36     readed:1029

Sandy Schwartz, chairman of Cox, said: "We are impressed by Rivian's unique way of building electric cars and are willing to help Rivian expand its influence around the world to drive the electrification of the world as a whole."In addition to getting a stake and participating in Rivian's business operations, Cox also occupies a seat on Rivian's board of directors.

Under the leadership of RJ Scaringe, a 36-year-old young CEO, Rivian has become an absolute novelty in the U.S. automotive market. Its products are the most popular pickup trucks (R1T) and SUV (R1S) models among American consumers.

The two Rivian’s models also have even Tesla's ability to survive(400 miles). In terms of pricing, R1T and R1S were 68,000 and$72,500, respectively.

When it comes to Rivian's most attractive technology, it can't bypass its variable modular platform, skateboarding. The platform can integrate battery pack, drive module, suspension and cooling and braking system at one time. Such a design can not only reduce the center of gravity of the vehicle, improve the driving stability, but also excavate more riding and storage space.

That may be why the giants are betting on Rivian. In February, Rivian received $700 million from Amazon. Two months later, Ford also smashed $500 million on Rivian.

Cox has a wide range of businesses, including some that are closely linked to car sales services. Such as Kelly Blue Book, a familiar consumer information website, Dealer.com and Dealertrack, the data services of Autotrader, retailers, and Manheim., the car auction business.In the future, Cox will do its best to help Rivian explore the most suitable service operation, logistics and digital sales path.

"We're building Rivian's proprietary user experience." Scaringe wrote in a statement. "Cox's industry position, service and logistics capabilities and strong retail technology platform make it the best partner for Rivian."

Although it is a new company that has broken into public vision in the past two years, CEO Scaringe, a graduate of MIT's Department of Mechanical Engineering, became obsessed with the development of electric vehicles more than a decade ago.Rivian is likely to become Tesla's main competitor in the future, with Amazon's traffic portal, Ford's manufacturing experience and Cox's operating service network. Most importantly, in addition to the hottest pickups and SUVs, Rivian plans to develop 18-wheeled electric heavy-duty semi-trailer trucks whose direct competition formally targets Tesla Semi.

It is reported that the R 1T and R 1 S models will start mass production by the end of 2020. To boost capacity as soon as possible, Rivian bought a Mitsubishi plant in Illinois in 2017, which is currently under renovation. Now that Rivian has more than 1000 employees, Rivian will enter the international market in 2021 if the products are produced smoothly.

Rivian's momentum in recruiting talent is equally fierce.As far as we know,According to British data, Rivian has dug dozens of employees from Ford, McLaren and Tesla, and 12 of them have gone to Rivian, along with Baiton, which is as good as money. However, Faraday's future is the most injured in the "digging war", with at least 34 employees recruited by Rivian. Interestingly, Rivian's newly appointed CTO Mike Bell once held the post.appleVice president.

After embarking on the road of financing, Rivian seems to have suddenly had the "big law of absorbing stars." Before getting Amazon and Ford, Rivian finalised a $450 million round of financing, plus $350 million for Cox, with at least $2 billion in hand. However, the company declined to disclose current valuations and the number of shares in Scaringe (but to be sure, Rivian is still an independent company).

In the future, a new unicorn is expected to emerge in the field of electric vehicles in the United States.

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