Amazon-Backed EV-Maker Rivian Said to Aim for IPO This Year

Rivian, a potential Tesla competitor, has raised $8 billion and is valued at $27.6 billion. Despite not having produced a car yet, it plans to start production of its electric pickup truck and SUV soon. Backed by Amazon and Ford, Rivian is considering going public, with a valuation possibly exceeding $50 billion. The company is pre-revenue but has high demand, especially in North America. Rivian aims to expand into Europe and China, with plans for a smaller EV for the Chinese market. It has a significant order from Amazon for delivery vans and has hired former Tesla engineers to bolster its expertise.

What is Rivian's current status in terms of vehicle production?

• They have produced several models.

• They are yet to build a single car.

• They have completed production of their first model.

• They have stopped production temporarily.

Which major companies are strategic investors in Rivian?

• Google and Apple

• Amazon and Ford

• Facebook and Toyota

• Microsoft and GM

What is the primary market focus for Rivian's vehicles?

• Luxury sedans

• Light trucks and SUVs

• Compact cars

• Electric motorcycles

What is Rivian's plan for the Chinese market?

• To launch a luxury sedan

• To focus on electric motorcycles

• To introduce a smaller form factor EV

• To build a larger SUV

How many delivery vans has Amazon ordered from Rivian?

• 75,000

• 100,000

• 50,000

• 150,000