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 the estimated valuation of Rivian as mentioned in the text?

What are the names of some strategic investors backing Rivian?

What challenges does Rivian face in terms of production?

What are Rivian's plans for the Chinese market?

How many delivery vans has Rivian ordered from Amazon?