Entered the stock market with a bang, the American manufacturer is struggling to keep its commitments.
Nothing is going well at Rivian, the American manufacturer of electric pick-ups, SUVs and vans. Going public with a bang last November, Rivian was valued at more than $100 billion. And this when he had only produced a hundred vehicles. But since the start of the year, the stock has fallen 62%.
The manufacturer of the electric pick-up had, from its inception, major shareholders, like Amazon. The e-commerce giant, which entered the capital of the start-up created ten years earlier in 2019, has ordered 100,000 electric vans from it by the end of the decade. A vehicle designed especially for Amazon, equipped with sensors to avoid pedestrians and bicycles and equipped with the Alexa assistant.
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Rivian’s other major shareholder, Ford – its senior by more than a hundred years – held 12% of the capital before selling part of its shares in May. A sale that helped to tumble the action of the start-up. The historical giant of the American automobile…