Rivian has hit a milestone in its agreement with the German automobile industry Volkswagen, which will bring $ 1 billion to EV Startup funds in the form of stocks. Rivian too announced Wednesday that it delivered 10,661 vehicles in the second trimester.
This represents a decrease in sales of 23% from the second quarter of 2024 and only a slight improvement over Rivian’s rough first quarter when it delivered 8,640 EVs. The company has already reduced its sales target for 2025 as a result of President Trump’s invoices and commercial cities, which make car building more expensive.
Rivian said on Wednesday that he still believes he will deliver 40,000 and 46,000 EVs this year. But even hitting the high level of this range means that it will eventually sell fewer cars in 2025 than in one of the previous two years. All of this makes things particularly impossible for Rivian, which has historically been burned through billions of dollars and is won a lot in the release of 2026 of the most affordable SUV, the R2.
Payment from Volkswagen is the result of Rivian to raise his second gross profit in the first quarter of this year. In 2024, the two automakers announced a technological consortium worth $ 5.8 billion. Rivian has provided employees, along with software and electrical architecture plans, in this consortium. Volkswagen plans to use these underlying technologies to supply the future of the UN. It provided the first $ 1 billion to Rivian at the end of last year in the form of a convertible note.
Rivian was able to hit only this milestone with mixed profit because it had a lot of money and effort over the last two years by simplifying the design of its existing consumer vehicles, the R1S SUV and R1T truck. These redesigned versions knocked on the road last year and were dramatically cheaper for the construction of the Rivian, though the company is still losing money as a whole.
Things could get even more difficult for companies like Rivian if Trump gets what he wants with the so -called “a big beautiful bill”. This week, this legislation was passed by the US Senate back in the House of Representatives. In its current form, it will end the EV Federal Credit, which immediately reduces $ 7,500 from the price of a new electric vehicle in September of this year.
