Rivian Showcases Next-Generation Charger Designed for All EVs

IRVINE, Calif. - Rivian today revealed an early look at the latest evolution of its Rivian Adventure Network DC fast charging network, including a new charger that can accommodate a wider range of electric vehicles (EVs). After nearly two years of growth and reliably serving Rivian drivers as they embark on long-distance adventures, Rivian plans to begin opening its fast-charging network to other EVs later this year.

Rivian showcased a prototype of its new, in-house charger, designed from the ground up to easily charge nearly every EV available today in North America. The new charger is taller and features a longer cable to accommodate differences in vehicle charging port placement. These chargers will deliver rapid charging to both 400 and 800-volt packs and feature CCS connectors with support for North American Charging Standard (NACS)-equipped vehicles with an approved adapter. Support for native NACS, also known as SAE J3400, will come with a future hardware update. Each charger will also include a larger display and tap-to-pay terminal to enable effortless use with or without the Rivian mobile app. Rivian drivers will continue to have the seamless authentication experience they love today.

Since launching the Rivian Adventure Network, the company has offered exclusive access to Rivian drivers while it focused on providing a robust network and seamless charging experience and building up operational excellence. This next-generation charging hardware, engineered and built by Rivian in Normal, Illinois, seeks to provide that same reliable experience to the larger EV community. To date in 2024, Adventure Network chargers have demonstrated an uptime of over 98 percent.

"Rivian exists to address two specific needs, the electrification of our transportation system and supporting the transition of our power grid to carbon-free energy sources," said Paul Frey, Rivian Vice President of Battery, Charging, and Adventure Products. "By broadening access to our Rivian Adventure Network-powered by 100% renewable energy-we are supporting both of these critical goals while also encouraging more people to embark on their next adventure in an EV."

Starting later this year, Rivian plans for all new Adventure Network sites to be built using the company's next-generation charger; existing charging sites will be retrofitted with new chargers to accommodate EVs of different shapes and sizes. Where practical, sites will be built with a trailer-friendly charger to accommodate vehicles that are towing.

By opening its network, Rivian will also qualify for an expanded set of national initiatives such as the National Electric Vehicle Infrastructure program, in addition to more state and utility programs that support expanded EV charging nationwide.

About Rivian

Rivian (NASDAQ: RIVN) is an American automotive manufacturer that develops and builds category-defining electric vehicles and accessories. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are built in the United States and are sold directly to consumer and commercial customers. The company provides a full suite of services that address the entire lifecycle of the vehicle and stay true to its mission to keep the world adventurous forever. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal - preserving the natural world for generations to come.

Learn more about the company, products and careers at www.rivian.com.

Forward-Looking Statements:

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding the timeline for the opening of the Rivian adventure network to other EVs and the deployment of next-generation chargers. In some cases, you can identify forward-looking statements by terms such as "may," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "believes," "estimates," "forecasts," "predicts," "potential" or "continue" or the negative of these terms or other similar expressions, although not all forward-looking statements use these words or expressions.

We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our business, financial condition, and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements, including, but not limited to, the important factors discussed in Part I, Item 1A, "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2023, and our other filings with the Securities and Exchange Commission. The forward-looking statements in this press release are based upon information available to us as of the date of this press release, and while we believe such information forms a reasonable basis for such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherently uncertain, and investors are cautioned not to unduly rely upon these statements. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change.

Contact: Peebles Squire, [email protected]

Public link

Please use the above public link if you want to share this noodl on another website.