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GM-Rivian Talks Break Down, but Rivian Doesn't Seem Worried
General Motors has been negotiating with Rivian, the Michigan-based company developing some of the slickest EVs we’ve seen in a while, over the possibility of purchasing an equity stake in the promising startup. Following news that Amazon was leading a $700 million round of funding in Rivian in February, reports came streaming in that the biggest of The Big Three would likely become the startup’s next backer.
The rumored deal was expected to result in GM bringing an electric pickup to market sooner than anticipated, with Rivian seeing a boost to its funds and manufacturing capabilities. However, talks don’t appear to have progressed as expected.
One-two Punch: Rivian Debuts Seven-seat Electric SUV, Promises 410 Miles of Range
Having just unveiled a rather impressive all-electric pickup for the LA Auto Show, Michigan-based automotive startup Rivian is following up with another model. Rivian’s second vehicle will be a seven-passenger SUV, called the R1S, that uses the same platform as the R1T e-pickup.
That results in the pair playing host to nearly identical specs. This isn’t a problem, as the automaker vows to provide between 300 and 562 kW (402 and 753 hp) in combined output. Range is similarly good. The company is also promising figures that would make most other electric vehicles of this size blush, especially if you opt for the bigger battery.
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