Rivian Automotive Inc (NASDAQ:RIVN) is planning to open up its own EV charging network to rivals this summer, following in the footsteps of Tesla Inc. (NASDAQ:TSLA), which opened its Supercharger network to non-Tesla customers including Rivian’s earlier this year.
What Happened: Rivian intends to open its charging network known as the Rivian Adventure Network to non-Rivian customers this summer, company CEO RJ Scaringe said in an interview with CNBC on Wednesday, providing a clearer timeline as compared to the company’s previous prediction of ‘later this year.’
“The key to charging networks is uptime. Very few networks have very large uptimes. Of course, Tesla’s network has an uptime of 99-ish percent. Our network too, [is] around the ...
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