Rivian To Hike R1T, R1S Prices In Canada By Nearly 10% From Feb 25 Amid Exchange Rate Shift

Quick Summary:

What Happened: The company said the price hike is due to a change in the exchange rate between the US and Canada.“Now’s the time to bring home a new R1,” the company wrote, urging potential customers to purchase before the price hike kicked in.

California-based EV startup Rivian Automotive Inc.(NASDAQ:RIVN) will be hiking prices on its R1T electric truck and R1S electric SUV in Canada by C$10,000 (about $7000) starting Feb.25, the company said in a mail to potential customers.

One Canadian dollar currently equals $0.70, down from $0.74 a year ago....

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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets: United StatesCanada

Topics: Tech RIVN Benzinga News Mobility EVs Electric vehicles

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-11 @ 07:30:57 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 323 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 26073081

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