Rivian isn’t just clocking big delivery numbers anymore; it just locked down a game-changing $1 billion from Volkswagen, and that news is everywhere.
In the second quarter of 2025, the electric pickup maker rolled out 10,661 vehicles even though production at its Normal, Illinois factory dropped to 5,979 units. The cutback was planned: an updated R1T and R1S with beefier performance and refined looks are about to hit the line. Rivian is still aiming to get between 40,000 and 46,000 trucks and SUVs out the door this year, and management repeated that goal during the earnings call.
The big news came on June 30, when VW scooped up new Rivian stock for $19.42 per share—a 33 percent premium over the 30-day average. That capital infusion kicks off a bigger $5.8 billion alliance meant to develop next-gen electric platforms through a joint tech lab.
The timing of Rivian’s new deal with Volkswagen is hard to miss. Right now, the electric-car world feels a bit wobbly. Sales rivals pop up every week, moods in the market swing, and fresh cuts to tax credits have made even the hottest startups sweat. Still, VW stepping in as a big backer shows Rivian has at least some people betting it can turn the long gamble into a win.
While the two giants join forces, a host of smaller outfits is finding its own corner. Brands like Pebble and Grounded are chasing easy-to-tow electric campers for green-minded road trippers. Over in the budget lane, Slate Auto—backed by Jeff Bezos—is trying to crack the low-cost market in a scene that usually screams luxury prices.
With new models coming and Volkswagen’s cash backing every step, Rivian looks ready to ride out the storm and maybe steer the next chapter of electric travel.
For more information, visit Rivian’s Official Website.
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Hey, I’m Badal! I’m super passionate about cars—especially electric ones. Whether it’s EVs, electric trucks, bikes, or anything with a battery and wheels, I’m all in. I love writing blogs and articles that break things down for fellow enthusiasts and curious readers alike. Hope you enjoy the ride as much as I do!
