Rivian EV

Rivian EV

Electric vehicle maker Rivian Automotive has temporarily shuttered all facilities and is now reworking a launch schedule in response to the COVID-19 pandemic.

The Michigan-headquartered company, with an R&D facility in Irvine, said in a market update its team has transitioned to working at home and “we expect some level of delay,” but added, “we are working to minimize the disruption to our launch schedule.”

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Plans originally called for the its debut vehicles, the R1T and R1S, to begin rolling out to customers late this year.

Rivian’s raised nearly $3 billion to date. Its latest round, revealed in December, closed in on $1.3 billion in funding, led by T. Rowe Price Associates Inc. and including Amazon, Ford Motor Co. and BlackRock-managed funds.

The company’s in the midst of construction to turn a former Mitsubishi Motors North America factory in Normal, Ill., to a Rivian plant.

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