Recently, Tesla competitors Rivian will launch a small electric vehicle market in China and Europe. Rivian has previously acquired 100,000 electric delivery vehicles from Amazon. This new force will be released in September this year, with a valuation of more than US$50 billion.
Currently, Rivian’s two flagship models are the R1S SUV and the electric pickup R1T, so the car company has not yet released a small electric car. Nevertheless, its CEO RJ Scaringe still pointed out that the company plans to sell small electric vehicles for major international markets like China and Europe.
According to RJ Scaringe, these vehicles will be tailored to their respective target markets. Rivian hopes to sell the R1S SUV in Europe next year and in China soon. However, according to Scaringe, the company’s ‘follow-up products will really drive sales in these markets,’ and these follow-up products will appear in the form of small electric vehicles.
The CEO noted that these smaller vehicles are supposed to share some key components with R1T and R1S. The electric truck maker expects that its smaller cars will perform well in key markets, especially in the Chinese market, where such cars will be very suitable.
To this end, Scaringe revealed that it is absolutely appropriate to have a production base outside the United States. ‘When we launch follow-up products, to truly increase in these markets, production bases outside the United States will be very important.
If we do not consider China and Europe as important markets for a long time, we will not seriously consider establishing a car company.
(Via)
