Tesla recently officially unveiled its first all-electric pickup, Cybertruck, at its Los Angeles headquarters, sparking a huge stir. Cybertruck orders have exceeded 200,000, according to Tesla CEO Elon Musk on Twitter.
A wave of electric pickups set off. According tomedia reports, so far, Tesla, at least seven other U.S. car companies plan to launch electric pickups by 2021. From GM’s traditional car companies to Lordstown Motors’ start-ups, they plan to launch electric pickups within the next two years.
Of the many start-ups, Rivian is the most bullish. Michigan-based Rivian is a start-up, but it is well-funded, with big companies such as Ford Motor Co. and Amazon.com a big investor. It is understood that the R1T electric pickup truck launched by Rivian is expected to start production by the end of next year, starting at $69,000, at Mitsubishi Motors’ Normal, Illinois plant. In addition, according to Rivian, the planned first-year production capacity of 25,000 vehicles, followed by continued expansion of production to reach a maximum capacity of 260,000 vehicles per year.