DuoRivians
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SUMMARY (original source link below) from fireside chat with Claire McDonough, CFO of Deutsche Bank:
Enduro ramp slightly ahead of schedule
Consumer demand trend:
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.
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
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
- 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
- 85K for R1 capacity
- ~30K for EDV capacity
- (Gave impression Normal has capacity for 65K EDVs once producing beyond Amazon)
- Unveil in early 2024
- $40-60K price range
- Preserve adventurous setting along more affordable price point
- Rivian is dedicated to build-out of RAN
- Open to partnerships with others. Didn't really say yes or no to NACS
- Goal is to build to L3 capacity
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