Rivian Automotive LLC – Page 5

Rivian edges closer to an I.P.O., seeking a valuation above $50 billion.

The company updated registration documents with the Securities and Exchange Commission on Monday.

The company, which is backed by Amazon and Ford, is seeking to sell shares in one of the biggest initial public offerings of the year.

Normal, Ill., is hoping the upstart electric vehicle maker Rivian can help the town become thriving once again.

The race to make electric vehicles is turning some places into winners. Normal, Ill., is one of them. But it has seen good times go sour in the past.

Small trucks from Ford and Hyundai are joining a growing field of electric models as America’s go-to vehicle adapts to an evolving market.

The company did not provide many details about its confidential filing with the Securities and Exchange Commission.

Buying an electric car can be exciting and bewildering. Consider what kind of car you want and need and where you will charge.

Rivian, which has raised another $2.65 billion, plans to sell a pickup truck and S.U.V. it has worked on for more than a decade.

Traditional automakers have struggled to sell electric cars. That could change as Ford, Volkswagen and others introduce new models.

Investors are betting that small companies like Workhorse will help popularize electric commercial vehicles. And Tesla aims to extend its reach.