Rivian Automotive Surges 12.11% in Two Days, Ranks 98th in Trading Volume with $720 Million

On May 9, 2025, Rivian Automotive (RIVN) saw a trading volume of $720 million, ranking 98th in the day's stock market activity. The stock price increased by 4.24%, marking the second consecutive day of gains, with a total increase of 12.11% over the past two days.

Rivian has been actively expanding its production capacity. The company recently announced plans to invest $5 billion in a new manufacturing facility in Georgia, aiming to increase its annual production capacity to 400,000 vehicles by 2027. This expansion is part of Rivian's broader strategy to meet the growing demand for electric vehicles and solidify its position in the market.

In addition to its production expansion, Rivian has also been focusing on enhancing its product offerings. The company recently unveiled a new model, the R2, which is designed to be more affordable and accessible to a broader range of consumers. The R2 is expected to hit the market in 2026 and is anticipated to drive further growth in Rivian's sales and market share.

Rivian's recent initiatives have been well-received by investors, who see the company's aggressive expansion and product innovation as key drivers of future growth. The company's stock price has been on an upward trajectory, reflecting investor confidence in Rivian's long-term prospects.