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Rivian Adopts Tesla’s EV Charging Standard, Joining Ford and GM

2023-06-20 21:19
Rivian Automotive Inc. will incorporate Tesla Inc.’s electric-vehicle charging ports into future automobiles and gain access to its
Rivian Adopts Tesla’s EV Charging Standard, Joining Ford and GM

Rivian Automotive Inc. will incorporate Tesla Inc.’s electric-vehicle charging ports into future automobiles and gain access to its supercharger network, marking another high-profile adopter of technology that is rapidly becoming the industry standard.

The agreement would give Rivian drivers access to more than 12,000 Tesla superchargers across the US and Canada beginning next year, according to a statement Tuesday. Rivian will also incorporate Tesla’s North American Charging Standard port into its existing EV models from 2025 and a future model called R2.

Shares of Irvine, California-based Rivian turned positive on the news, rising 2.8% as of 8:59 a.m. before regular trading in New York. Tesla shares were up less than 1%.

There’s been a domino effect of EV makers and charging infrastructure companies shifting toward Tesla’s technology in North America since Ford Motor Co. struck a deal with Elon Musk’s company last month. That was followed shortly by a similar announcement between General Motors Co. and Tesla.

Rivian has been building its own network of chargers under the Combined Charging System standard, the other major protocol competing with NACS. It will continue to build out that network, the company said.