Rivian News: R2, Production, Preorders, 2024, Amazon, NACS, Self Driving (from Global Auto Industry Conference 2023)

[DuoRivians]

SUMMARY (original source link below) from fireside chat with Claire McDonough, CFO of Deutsche Bank:

Enduro ramp slightly ahead of schedule

Consumer demand trend:

• Overall, continue to have robust demand into 2024
• Stable demand environment, ie demand isn’t falling as some might have concerns of

Have ability to flexibly build between R1S and R1T

Q2 : R1S is the majority of production volume

70% of preorders have been for R1S

2024 : couple weeks of downtime to introduce new tech into R1.

• Network based architecture,
• Simplify wire harness
• Better manufacturing
• Intro of LFP
• Additional changes to nickel battery pack
• Material cost savings
• 85K production capacity for R1

Amazon relationship

• Reduced material costs in EDVs by 25% via enduro + LFP in Q1
• Focused on Amazon, but see good demand in the long tail
• Every EDV currently connected to a fleet OS subscription

Backend of 2024

• 85K for R1 capacity
• ~30K for EDV capacity
• (Gave impression Normal has capacity for 65K EDVs once producing beyond Amazon)

R2:

• Unveil in early 2024
• $40-60K price range
• Preserve adventurous setting along more affordable price point

NACS:

• Rivian is dedicated to build-out of RAN
• Open to partnerships with others. Didn't really say yes or no to NACS

Self Driving:

• Goal is to build to L3 capacity

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[shrink]

70% of preorders have been for R1S

Interesting. Has that number previously been disclosed? I didn't realize there were so many more orders for the S.

 

[DuoRivians]

Interesting. Has that number previously been disclosed? I didn't realize there were so many more orders for the S.

Afaik, this is the first time it’s been disclosed

 

[Marchin_MTB]

I’d just like to say thank you for the good summary @DuoRivians !

 

[SANZC02]

Interesting. Has that number previously been disclosed? I didn't realize there were so many more orders for the S.

I do not think it was ever broken down before but several of us have speculated the R1S market would be larger than the R1T.

 

[DuoRivians]

I’d just like to say thank you for the good summary @DuoRivians !

 

[MoreTrout]

R2:

• Unveil in early 2024
• $40-60K price range
• Preserve adventurous setting along more affordable price point

As much as I would love to have another Rivian in the garage, this just isn't a competitive price point for a second vehicle that will spend a lot of time sitting in the garage. So far the Equinox is the best bet for us, but I suspect demand for that will drive the dealership mafia to mark it up beyond reason. There is a reason Ford is selling $20k Mavericks faster than they can make them.

 

[Sharpobjects4321]

Additional changes to nickel battery pack

Did she make the point that this would be about qualifying for the full 7500 ev credit?

 

[Dark-Fx]

2024 : couple weeks of downtime to introduce new tech into R1.

Notably absent: upgraded quad motor drivetrain

 

[Sharpobjects4321]

Afaik, this is the first time it’s been disclosed

We forget how much peeps like those 7 seat "big" SUVs

 

[Dark-Fx]

We forget how much peeps like those 7 seat "big" SUVs

I would have preferred a 5 seater with 450 miles range in the same size, but Rivian has no interest in giving anyone that option.

 

[DuoRivians]

Did she make the point that this would be about qualifying for the full 7500 ev credit?

No, it was just mentioned briefly, but thought it was notable.

No further details today on performance specs changes, tax credit qualifications, etc

 

[ohseedee]

Self Driving:

• Goal is to build to L3 capacity

I'd be curious to learn if this was possible on current hardware (i.e. for us in R1s today) or if any L3 plans included required hardware changes to future R1/2s.

 

[Sharpobjects4321]

the down time on the R1 line has been moved from late this year to early next year. any speculation on why?

 

[klownhavok]

Notably absent: upgraded quad motor drivetrain

is the current drivetrain not sufficient?

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