● Placeholder · Category
Rivian’s company-wide cost transformation program is reducing total unit costs across the R1 and EDV through engineering design changes, commercial cost downs, manufacturing efficiencies, and a plant retooling in Normal, Illinois that added new technologies and cost-focused material changes to the R1 platform. The company is also cutting approximately 10% of its salaried workforce, moving to a new zonal network architecture that reduces electronic control units by about 60%, and bringing all motors fully in-house. Second-generation R1 vehicles include hundreds of design, engineering, and performance upgrades, while highway hands-free feature updates helped drive a 70% increase in miles using the feature. Rivian revised 2024 production guidance to 47,000-49,000 vehicles due to a supply shortage affecting R1 and RCV platforms, though it said the shared component shortage is no longer constraining production.
The Story · In Order · 9 Statements
Rivian said its company-wide cost transformation program has reduced total unit costs for both the R1 and EDV models through engineering design changes, commercial cost downs, and manufacturing efficiencies.
Rivian announced that it is reducing its salaried workforce by approximately 10%.
Rivian completed a plant retooling upgrade in Normal, Illinois that introduced new technologies and cost-focused material changes into the R1 vehicle platform.
Rivian recently transitioned to a new zonal network architecture that reduces the number of electronic control units in its vehicle by approximately 60 percent.
Rivian said the second-generation R1 includes hundreds of design, engineering, and performance upgrades.
Rivian said all motors on Rivian vehicles are now designed, engineered, and manufactured fully in-house.
Rivian revised its 2024 annual production outlook to 47,000 to 49,000 vehicles because of a supply shortage affecting the R1 and RCV platforms.
Rivian said the previously discussed shortage of a shared component on the R1 and RCV platforms is no longer constraining production.
LatestRecent updates expanded highway hands-free capabilities for second generation R1 vehicles and contributed to a 70 percent increase in miles driven using the feature.
Back to Atlas
Browse all groups →