![]() The company is planning to deliver its R1T pickup truck in September, potentially becoming the first to market. But at least Rivian's delivery timeframe for its RIT pickup truck is ahead of Tesla. (STLA) as well as hot Chinese EV startup Nio, Inc. At an $80 billion valuation, Rivian will have a market cap higher than legacy automakers such as General Motors Corp (NYSE:GM), Ford Motor Co. There are currently six electric pickup trucks on the horizon in the US: Tesla's Cybertruck, Bollinger's B2, Lordstown Motor's Endurance, Ford's electric F-150, GMC's Hummer EV, and Rivian's R1T. Musk replied Rivian should have delivered at least one vehicle per billion of its valuation before its IPOs.ĭon't want to be unreasonable, but maybe they should be required to deliver at least one vehicle per billion dollars of valuation *before* the IPO?- Elon Musk August 28, 2021 Tesla CEO Elon Musk had an interesting take on Rivian's proposed valuation when a Twitter user commented on it. (NASDAQ:TSLA)'s Cybertruck, which is in the works, will be up against Rivian's R1T. Rivian is developing two EVs – R1T, a pickup truck, and R1S, an SUV. The company's eye-popping proposed IPO valuation has elicited mixed reaction from investors. (NASDAQ:AMZN)-backed EV startup Rivian confirmed Friday it has confidentially filed for an initial public offering that reportedly could value the company as much as $80 billion. Is that enough to go toe to toe with the Rivian R1T or Ford F-150 Lightning? Only time will tell.īecome an AutoGuide insider.Amazon, Inc. The Endurance truck has a 109 kWh battery, feeding energy to four in-hub wheel motors that generate 550 peak horsepower. LORDSTOWN ENDURANCE SPECS 0-60mph 6. Yet, after delays, it appears that the Lordstown Endurance has very stiff competition from established OEMs and EV startups. Top Electric Trucks From Ford, Chevy, GMC, Tesla, Rivian And Lordstown. ![]() When the Lordstown Endurance was initially conceived, it had the potential to be the first EV truck on sale. The brand also announced its excitement about being a finalist in the North American Truck of the Year competition. Lordstown Motors says that “production volume will ramp slowly and accelerate as we resolve supply chain constraints,” meaning the brand will hit produce 50 by the end of the year, eventually hitting the full first 500 trucks by June 2023. Chinese manufacturer Foxconn, entered into a partnership with Lordstown Motors, giving the brand some needed cash and support to finally finish the truck and get them out of the door. Lordstown Motors ended up having financial woes, which severely delayed the production of the pickup. Lordstown Motors purchased a former GM manufacturing plant, with plans to produce its full-sized pickup. ![]() ![]() The brand has been talking about its EV pickup since its formation and a spin-off from commercial vehicle maker, Workhorse Motors. Honestly, it’s a little hard to believe that this day would ever come. The revolutionary Endurance EV pickup truck has 4 in-wheel Hub motors for exceptional power and torque. The first batch of trucks has left the Foxconn-operated Lordstown, Ohio former GM plant, headed to customers. builds electric pickup trucks and other vehicles to revolutionize the way work gets done. The Lordstown Endurance has had a troubled past, but the brand finally received full EPA and CARB homologation and approval for its trucks. After delays and troubles, the Lordstown truck is finally on its way.
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