Overview

• Rivian achieved a second consecutive quarter of positive gross profit, unlocking a $1 billion investment tranche from Volkswagen, expected by June 30, 2025.
• Volkswagen's total commitment of up to $5.8 billion aims to leverage Rivian's electronics architecture to address its EV software challenges.
• Rivian plans to use the funds to ramp up production of its more affordable R2 model in Illinois, targeting a broader customer base.
• The company has revised its 2025 delivery guidance to 40,000–46,000 vehicles, citing higher costs from new U.S. import tariffs and shifting consumer behavior.
• Despite progress, Rivian remains unprofitable, reporting a Q1 2025 net loss of $541 million, though significantly reduced from the prior year.