At the beginning of June, Rivian Automotive Inc (NASDAQ:RIVN) announced the redesign of its its all-electric R1 pickup and SUV models. By using Nvidia Corporation (NASDAQ:NVDA) chips, Rivian improved the range, performance and computing power of its vehicles. Rivian already made history by bringing the world's first all-electric pickup to the road, beating even the EV king, Tesla Inc (NASDAQ:TSLA) whose long-anticipated Cybertruck came to life a while after. But, the EV concept continues to evolve as the automotive industry continues its all-electric transformation and EV makers need to evolve along with it.