Despite the narrative that start-up electric vehicle (EV) makers are struggling, and that the EV growth rate in the U.S. has slowed, Rivian Automotive (NASDAQ: RIVN) continues to tally up positive developments. Edmunds.com named the R1T launch edition its favorite EV among start-ups. What's more, Rivian inked a joint venture deal with global automaker Volkswagen for up to $5 billion, and it topped second-quarter delivery estimates.

But as investors turn to the next step in the company's vision, the launch of the R2, some great news has just been announced.

Rivian's first-generation R1T electric truck and its R1S electric SUV helped to promptly put the EV maker on the map. The vehicles were not only well received by critics and customers, but both quickly went into production by the thousands and were delivered with few hiccups.

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Source Fool.com