💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Fire at Rivian's Illinois plant damages multiple EVs, no injuries reported

Published 08/25/2024, 06:02 PM
Updated 08/25/2024, 06:05 PM
© Reuters. FILE PHOTO: A general view shows an electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez/File Photo
AMZN
-
RIVN
-

(Reuters) - A fire broke out at a parking lot at Rivian (NASDAQ:RIVN) Automotive’s manufacturing facility in Normal, Illinois late on Saturday damaging many of its electric vehicles, the U.S. startup said on Sunday.

© Reuters. FILE PHOTO: A general view shows an electric auto maker Rivian's manufacturing facility in Normal, Illinois, U.S. June 21, 2024.  REUTERS/Joel Angel Juarez/File Photo

There were no reports of injuries and the cause of the fire was being investigated, a company spokesperson told Reuters.    The fire was at a parking lot on the north side of the four-million-square-foot factory, located 130 miles (209 km) south of Chicago, and the assembly plant was unaffected, the Normal Fire Department said in a statement to Reuters.

Rivian did not confirm the number and type of vehicles affected.    Rivian, known for its R1S SUVs and R1T pickups, is expanding the Normal plant to produce its smaller, less expensive R2 SUVs that are expected to roll out in 2026 and seen as critical to its success.    The company this year shut the plant down for three weeks for a major retooling that is meant to simplify manufacturing and slash costs.    The EV maker produces all its vehicles at the factory in Normal, with a second assembly plant planned in Georgia.    Last week, it temporarily suspended production of its commercial delivery vans used by retail giant Amazon.com (NASDAQ:AMZN) due to a shortage of parts but expects to recover all missed production.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.