Rivian is walking back a price increase for its electric trucks and SUVs, saying it will honor prices for customers who previously ordered a vehicle
Rivian Automotive Inc. is walking back a hefty price increase for its electric trucks and SUVs that was put into effect earlier this week, saying it will now honor prices for customers who previously ordered a vehicle.
In a letter made public Thursday, Rivian Chief Executive RJ Scaringe apologized to customers for applying the price increase retroactively. He said the startup is trying to cope with rising costs of parts and materials, but it erred by applying price increases to existing orders rather than honoring the original terms.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GM is selling its stake in embattled EV startup Lordstown MotorsLordstown traces it origins to the closing of a GM factory.
Read more »
Rivian Rolls Back Big Price Increases on Pre-Orders After Customer BacklashAn outcry from customers led Rivian’s CEO to backtrack on a hefty price increase that would have affected vehicles already ordered.
Read more »
Rivian hikes the base price of its quad-motor R1T pickup by $12,000 | EngadgetRivian has raised the original $67,500 base price of its quad-motor R1T electric pickup with large battery packs to $79,500..
Read more »
Rivian price hike hits pre-orders, angering existing customersRivian's recently announced price hike will extend to customers who have already placed orders. They have the option to change or cancel entirely.
Read more »
Rivian Configurator Reveals New Pricing DetailsRivian has announced significant price increases on its R1T electric pickup truck even before full production gets started.
Read more »
Rivian announces dual-motor R1T and R1S, increases prices by up to $12kThe new Rivian R1S and R1T dual-motor, smaller battery pack base models now cost about as much as the quad-motor models with a larger battery pack.
Read more »