AT&T and Rivian Team up to Reduce CO2 Emissions and Enable Smart, Connected Vehicles
14 Dezember 2023 - 2:00PM
Business Wire
Rivian Automotive, Inc. (NASDAQ: RIVN) and AT&T* have today
announced that they have signed an agreement for AT&T to
purchase Rivian electric vehicles (EVs) for AT&T’s fleet
through a pilot program aimed at cutting transport emissions.
AT&T expects to begin adding the Rivian Commercial Van and R1
vehicles to its fleet in early 2024 to begin evaluating the various
ways these vehicles help improve safety, reduce costs and cut its
carbon footprint.
AT&T’s commercial fleet plays an important role in keeping
customers connected. Piloting EVs from Rivian will allow AT&T
to explore new paths in its electrification journey, which is
expected to contribute toward the company’s commitment of carbon
neutrality by 2035.
AT&T has a track record of delivering sustainability results
within its operations and for business customers. The company
expects to reduce its fleet emissions in support of its carbon
neutral commitment. Its strategy includes optimizing routes,
switching to hybrid and EVs and reducing the overall size of the
fleet. AT&T also uses AI to make its fleet more efficient.
Overall, AT&T drives 20% fewer miles each year, reducing
emissions by 51 million pounds.
In addition to Rivian collaborating with AT&T to provide
fleet vehicles for a pilot, AT&T is the exclusive provider of
connectivity to all Rivian vehicles, in the U.S. and Canada,
enabling a smarter, safer and more connected driving experience.
With AT&T connectivity, Rivian uses over-the-air software
updates to consistently improve its vehicles with new features that
elevate the driving experience for its customers.
The Rivian Commercial Van is designed from the ground-up
prioritizing safety, sustainability and ownership cost. The Rivian
Commercial Van is engineered to be one of the safest vehicles on
the road today with features including automatic emergency braking,
collision warnings and 360-degree visibility. The vehicles run with
Rivian's in-house software stack which underpins the fleet
management system, improving efficiency and contributing to a lower
total cost of ownership.
Hardmon Williams, SVP, AT&T Connected Solutions
said:
“We’re excited to purchase Rivian EVs for our fleet. This pilot
is another important step in our ongoing efforts toward
sustainability, reducing our carbon footprint and embracing a
cleaner future for our operations. With advanced connectivity and a
vision for a sustainable future, Rivian is setting the standard for
the evolving demands of modern transportation.”
Dagan Mishoulam, VP, Strategy & Fleet at Rivian
said:
“We couldn’t be happier to collaborate with AT&T as we work
together to help cut emissions and protect our environment. Around
a quarter of CO2 emitted in the transportation sector in the US
comes from commercial vans, so it’s imperative we do all we can as
soon as possible to help cut emissions. Our category defining
vehicles offer some of the most advanced technology in the sector
and are continually improved through over-the-air updates. We’re
very much looking forward to expanding our relationship with
AT&T to help them achieve their climate goals.”
*About AT&T:
We help more than 100 million U.S. families, friends and
neighbors, plus nearly 2.5 million businesses, connect to greater
possibility. From the first phone call 140+ years ago to our 5G
wireless and multi-gig internet offerings today, we @ATT innovate
to improve lives. For more information about AT&T Inc.
(NYSE:T), please visit us at about.att.com. Investors can learn
more at investors.att.com.
About Rivian:
Rivian exists to create products and services that help our
planet transition to carbon neutral energy and transportation.
Rivian designs, develops, and manufactures category-defining
electric vehicles and accessories and sells them directly to
customers in the consumer and commercial markets. Rivian
complements its vehicles with a full suite of proprietary,
value-added services that address the entire lifecycle of the
vehicle and deepen its customer relationships. Learn more about the
company, products, and careers at www.rivian.com.
Forward-Looking Statements:
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward-looking statements contained
in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements contained in this press release that do not relate to
matters of historical fact should be considered forward-looking
statements, including without limitation statements regarding the
pilot program with AT&T for the Rivian Commercial Van and R1
vehicles. In some cases, you can identify forward-looking
statements by terms such as “may,” “will,” “should,” “expects,”
“plans,” “anticipates,” “could,” “intends,” “targets,” “projects,”
“contemplates,” “believes,” “estimates,” “forecasts,” “predicts,”
“potential” or “continue” or the negative of these terms or other
similar expressions, although not all forward-looking statements
use these words or expressions.
We have based these forward-looking statements largely on our
current expectations and projections about future events and
financial trends that we believe may affect our business, financial
condition, and results of operations. Forward-looking statements
involve known and unknown risks, uncertainties and other important
factors that may cause our actual results, performance, or
achievements to be materially different from any future results,
performance, or achievements expressed or implied by the
forward-looking statements, including, but not limited to, the
important factors discussed in Part II, Item 1A, “Risk Factors” in
our Quarterly Report on Form 10-Q for the quarter ended September
30, 2023, and our other filings with the Securities and Exchange
Commission. The forward-looking statements in this press release
are based upon information available to us as of the date of this
press release, and while we believe such information forms a
reasonable basis for such statements, such information may be
limited or incomplete, and our statements should not be read to
indicate that we have conducted an exhaustive inquiry into, or
review of, all potentially available relevant information. These
statements are inherently uncertain, and investors are cautioned
not to unduly rely upon these statements. While we may elect to
update such forward-looking statements at some point in the future,
we disclaim any obligation to do so, even if subsequent events
cause our views to change.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20231214811011/en/
Rivian: Harry Porter – media@rivian.com
AT&T: Andrea Huguely – andrea.huguely@att.com
AT&T (NYSE:T)
Historical Stock Chart
Von Apr 2024 bis Mai 2024
AT&T (NYSE:T)
Historical Stock Chart
Von Mai 2023 bis Mai 2024