Rivian removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts with the launch of its refreshed R1T & R1S, resulting in a cost savings of roughly 35%
by KeyboardGunner
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Rivian removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts with the launch of its refreshed R1T & R1S, resulting in a cost savings of roughly 35%
16 Comments
Man I’m rooting hard for these guys
Not bad, that might put them about break even with sales?
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Hope this gets reflected in the stock price before today it was tanking for no reason
This feels like the Boeing profit model.
Hopefully this decreases repair and insurance costs as well.
As it turns out, refining processes through experience works pretty well
The car is about to be the biggest piece of shit. I literally work the assembly line
In quality
and whenever they start cutting jobs in body, that is going to be one recalled automobile.
Incredible. This is the way. Every step of manufacturing needs to be as efficient as possible.
Rivian is turning out to be what Tesla should have been. I really hope they’re able to bring down the cost more, I want an R1S
[Rivian’s Q1 2024 Results](https://rivian.com/newsroom/article/rivian-releases-first-quarter-2024-financial-results)
Refer to page 16 to understand what they face here. These improvements will bring the revenue and cost of goods closer together and hopefully turn it into a positive result. However merely being positive is not enough. Rivian still needs to generate sufficient revenue to run the place and that is represented by the two lines, Research and Development followed by SG&A.
I really want to see them pull this off. I would love to know if any of the work done here can translate to their van offerings as they need to be more price competitive.
Cost savings of 35% were on the vans, the other products had “similar” savings
We need another $12k EV!
Here’s an article with some good pics
https://www.electricbike.com/rivian-electric-trucks-and-suvs/
It’s inevitable that many of the new BEV manufacturers will not survive but a lot of people are pulling for Rivian and the company seems to be doing all the right things to make it a survivor.
This just shows its early days for EVs and we should continue to see improvements….