Rivian CEO RJ Scaringe told BI that the company tore down China's highly popular Xiaomi SU7 and found that it was a "really well executed car."

Rivian, which builds all of its electric pickups, SUVs and commercial vehicles in downstate Illinois, gave notice Thursday to more than 600 employees.

Electric vehicle startup Rivian announced on Thursday that it has settled a lawsuit with some of its investors. The company continues to deny allegations of making “materially untrue” statements during its inial public offering but says it agreed to pay $250 million to clear itself of distractions as it focuses on building its next EV,

A report this morning detailed Rivian's plans to lay off a portion of its current workforce as it tries to conserve cash.

Hundreds of workers are losing their jobs as sales targets slip and executives consolidate control amid tightening economic and policy pressure

Rivian spinoff Also has unveiled a new electric bike called TM-B. The two-wheeler has a virtual drivetrain and a range of up to 100 miles.

Electric vehicle maker Rivian plans major layoffs amid growing market pressure.As per multiple reports, the company is reportedly planning to cut more than 600 jobs which will impact about 4% of Rivian's total workforce.

Rivian is known for designing its electric trucks from scratch. Now a spinout company has done the same thing for an electric bike.