Michael Entner-Gómez🦄’s Post

This is a huge moment for Rivian, reaching above the 100,000 units mark for R2 pre-orders. I figure this represents a minimum of $5B in gross revenue when fulfilled. The pre-orders are growing organically well above the current confirmed figures in place, plus they are selling the Gen 2 R1T and Gen 2 R1S, with some incredible upgrades and efficiencies that are nothing short of mind bending. Rivian electric motors are now made fully in-house in the USA as the Company moves closer to vertical integration, part of its plan. In its inaugural year, Rivian sourced electric motors from Germany's Bausch. I suspect the shorter wheel base R3 line with the more formidable triple motor top dog R3X will hit double to triple this quantity in immediate pent up demand once their $5B Georgia plant is online and Rivian opens up pre-orders for the R3 line! Kudos to RJ Scaringe and the entire Rivian team. These figures are domestic only. It will be interesting when folks in Germany and abroad can buy this brand. Very few analysts cover this segment well beyond Dan Ives and a few other exceptions to the rule. The main reason is auto industry analysts are often covering the 20th century definition of the Auto Industry, yet they do so in 2024., as though time stood still. Truth be told, there are two types of OEMs. One sees itself producing a commodity, a hardware device with a vast supply chain. The other ( i.e. Tesla and Rivian) are technology companies first, driven by sophisticated software and AI models that make the EV itself probably your most powerful computational device unless your a data scientist. To close, I own a Rivian EV R1T and am blown away at its road and off road capabilities plus it's lux fit and finish. All this is from a true auto enthusiast, meaning RJ and team studied this market intensely and are now delivering. Rivian is dialed in..... Cheers!

Are you a fan of Rivian? The company produced its 100,000th EV recently, as an important milestone. The achievement comes a short three and a half years after the first Rivian vehicle rolled off the production line, showing an impressive entry to the electric vehicle (EV) market. Rivian continues to expand its brand through the development and promotion of its “Electric Adventure Vehicles,” most notably the R1T electric pickup truck and the R1S SUV. The R1T made history in 2021 as the first electric pickup to be available in the U.S. market. The R1T was a smart move by CEO RJ Scaringe, given the great love America has for pickup trucks. In 2023, The Ford F-Series truck was the best-selling truck in the United States for the 47th consecutive year. In 2023, the top 3 selling vehicles among all types were: 1. Ford F-Series 2. Chevrolet Silverado 3. Ram Pickup Rivan announced plans for a new growth phase of EVs in 2024. Central to this phase is the temporary shutdown of its manufacturing hub in Normal, Illinois, to integrate new technology and refine manufacturing practices. Rivian expects a “modest growth profit” by the end of 2024. Despite the temporary shutdown of its manufacturing facility, the company anticipates that Rivian delivery numbers will remain steady, projecting around 57,000 vehicles to be delivered this year. Rivian deliveries fell around 3% in Q4. The company faced significant financial challenges, with a reported loss of approximately $43,372 on every vehicle built in the fourth quarter, down drastically from the $124,162 loss per vehicle in Q4 2022. Rivian ended the fourth quarter with over $9 billion in cash. In March, Rivian announced expanded access for other EVs to its charging network, with more than 400 fast chargers across 67 locations. EVinfo.net applauds this forward-thinking decision. On March 7, Rivian revealed its long-anticipated R2, R3, and R3X Rivian electric SUV crossovers. The R3X is a sportier version of the R3. Rivian seems to be rebounding after recent challenges. At the end of February 2024, Rivian said it was laying off 10% of its workforce. We'd like to hear from Rivian owners or those considering buying one. Give your predictions of how the company will fare over the next few years. We believe the US EV market will explode, and Rivian will do well as a part of that. EVinfo.net believes Scaringe & Co show great resiliency, an understanding of market challenges, combined with making pivots quickly. Scaringe is chairman of the board and has 9.5% voting power. He has veto power over board decisions due to his 100% ownership of the company's class B shares, owning about 1.4%. Scaringe has an advantage over Elon Musk, Tesla CEO, in that he is laser-focused only on Rivian's future, while Musk is distracted by X (Twitter), SpaceX, the Boring company and other ventures. #electricvehicles #rivian Follow Electrify News for top EV industry news, and sign up for e-news.

🛻 Rivian hit a rough patch in Q3 2024 but has since hooked up to a $12 billion winch tied to Volkswagen and the US DOE that could pull it back on track from 2026 with the launch of its R2 SUV. The California-based company has lost momentum this year. Data from the Adamas Intelligence EV Battery Intel Platform shows that in the Americas Rivian’s share of the market in GWh terms shrank to just under 4% during Q3 this year, down from 7% during the same quarter last year. The combined battery capacity of Rivian’s R1S and R1T models that found new owners during the quarter fell an eye-catching 31% to 1.4 GWh, by far the worst performer among top makes in the region. Rivian’s downhill trend in the Americas contrasts with modest growth in the region overall. During the quarter, overall battery power steered onto roads in the Americas, where the US and Canada make up 95% of the market, came in at a healthy 37.7 GWh, up 22% year on year.  A year ago, the R1S was the bestseller in the segments it competes in, thundering over the Ford F150 Lightning, but fast forward to Q3 2024 and Ford’s mighty truck is hauling more fresh power hours onto roads than both Rivian models combined.  Last year Rivian steered the third most GWh onto roads in the Americas, trailing behind only Ford and Tesla, but Q3 2024 saw the brand drop down to sixth overall, overtaken by Kia, Hyundai and Chevrolet, the latter of which upped battery capacity deployment by 120% year over year, mostly on the back of the new Chevy Blazer.  Honda is also poised to overtake Rivian towards the end of the year as the Japanese company’s latest full electric entry, the Prologue, is proving to be a huge success, boosting the automaker’s battery deployment nearly 10-fold in Q3. Adding insult to injury, the Blazer and Prologue that Rivian is up against share the same General Motors platform that’s proving to be a runaway success in Rivian’s bread and butter segments.  The delays in bringing the R2 and R3 to market have opened up opportunities for others too. International Harvester’s Scout – credited by some as the first ever SUV long before the term was coined – is being resurrected as a full electric vehicle brand after more than 40 years in the wilderness. Not only do the new Scout SUV and pick-up have remarkably similar styling to the current and future Rivians, the marque is owned by none other than Volkswagen. Production of the Scout Traveler and Terra begins in 2027, which still gives the R2 a launch gap. That is if Rivian can avoid any further delays.   Link to source below 🔽

As a VW EV owner, it is evident that Volkswagen needs to focus on two critical areas to stay competitive: software and battery technology. Customers often choose EVs based on the quality of their software, including features like assistance, performance, phone integration, apps, and cruise control, as well as the efficiency of their batteries. Automotive-specific apps have become increasingly popular, as drivers and passengers expect functionality synch with their smartphones. In my case, Apple CarPlay has largely bypassed my native car tech. Needless to say that automakers want to retain control over the in-car experience. Besides, the development of automotive software is crucial, especially with the shift towards autonomous driving. Traditional car manufacturers, primarily engineering companies, are transitioning to EVs and effectively becoming tech companies. VW, not being technology-native, faces significant challenges. While some automakers like BMW are partnering with tech giants such as Google and Apple, VW was determined to develop proprietary software from scratch. However, VW’s in-house software initiative, Cariad, has struggled despite substantial investment. Meanwhile, Tesla and BYD are leading the market in software development, making it difficult for other manufacturers to catch up in the competitive EV market. European automakers are struggling with the development of battery-powered vehicles and advanced software. At the same time, the auto industry also faces a slowdown in demand due to high interest rates and dwindling consumer cash flow. High tariffs on Chinese EVs temporarily protect European markets, but this momentum must be used wisely to bridge the technological gap. Enter Rivian, the US-David with deep pockets joining force to the German Goliath. On a positive note, Rivian has made significant strides with its software, despite focusing solely on large SUVs. However, the company has yet to post a quarterly or annual profit since its creation in 2015 and urgently needs funding to develop its next-generation vehicles. A potential joint venture with VW could be beneficial for both parties. By sharing EV architecture, software, and development, Rivian gets a financial lifeline, could reduce operating expenses and leverage VW’s supply chain for components and chips. This collaboration could be a win-win, but only time will tell if VW has accurately assessed Rivian’s potential contributions.

Legacy auto companies are facing real challenges in the EV market as they struggle with their over arching strategy dealing with the massive transformation taking place right now. Rivian, a top EV OEM, stands out with its award-winning product lineup and highly loyal customer base. Rivian also has its own "Adventure Network" of charging infrastructure and lifestyle orientation in the USA, making their vehicles more than just great transportation and entertaining, it takes you somewhere confidently, in style, an adventure experience worthy of notable distinction. Based in California, with manufacturing plants in Illinois and soon in Georgia, Rivian's CEO (RJ Scaringe) sees opportunities as the industry shifts. RJ Scaringe believes that the pullback in EV by legacy autos is a positive sign for Rivian. I think this is positive for Rivian and for Tesla, by the way. These are the two leading pure EV companies in the Nation. Tesla in the world. Rivian stands to benefit from all the legacy delays and false starts. With Rivian's updated gen two refreshed R1T and R1S, their record order flow for the much more cost effective R2, and a real surprise that has not yet been open for pre-order is their R3 line, including the urban paved and offroad ready R3X (looks like a compact rally car) Rivian continues to innovate, by leading the way in the EV industry. #EV #AutomotiveIndustry #Rivian #Disruption

https://lnkd.in/dBFsncQy U.S. automakers lose roughly $6,000 on every $50,000 EV they sell in America, according to a new report from analyst firm Boston Consulting Group (BCG). That figure comes hotly on the heels of similar sky-high losses from companies like Rivian and Lucid. Earlier this year, Rivian revealed that it lost $33,000 on every truck sold, while Lucid topped that figure with its eye-watering $400,000 losses on each car sold. this will force OEMs to shift to lower price EVs with less equipment and hopefully less weight & carbon impact (plus investing in technology to reduce manufacturing costs)

Rivian Expands R1 Lineup with R1V: Electric Van for Last-mile Delivery The American EV maker Rivian, famous for its electric pick-ups and #deliverytrucks, recently introduced a new model, an #electricvan called the R1V, made for last-mile logistics. The launch is the company’s first foray into the production of #commercialelectricvehicles, a segment that has rapidly expanded due to the growth of the #eCommerce market and the demand for environmentally friendly delivery vehicles. The R1V, in terms of its autonomy, has up to 350 miles, making it one of the most powerful electric delivery vehicles available today. Measuring 2,000 volume, the new model’s cargo area was altered in any way to suit the needs of the consumers from the retail to the pharmaceutical sector. Read More: https://lnkd.in/dyiH_qXJ #towardsevsolutions

#RJScaringe #Rivian #R2SUV #R3 #R3X "Shares of Rivian Automotive surged 13% on Thursday as the EV maker unveiled three new vehicles and announced more than $2 billion in savings related to pausing construction on a plant in Georgia. Two of those EVs came as a surprise to consumers and investors. Rivian CEO RJ Scaringe, in announcing the company’s upcoming R2 SUV, also revealed two additional crossovers called the R3 and R3X, a performance variant. The R2 is expected to start at about $45,000 when it goes on sale during the first half of 2026. It’s expected to be the fourth product for Rivian following a commercial delivery van and larger, more expensive R1S SUV and R1T pickup for consumers. The R1 vehicles start at roughly $70,000 and can top $100,000. Scaringe disclosed few details about the surprise R3 crossovers, but told CNBC’s Phil LeBeau that the R3 will be priced lower than the R1. “These represent our future,” Scaringe said during a livestreamed event from Laguna Beach, California. The announcements come at a crucial time for Rivian as it attempts to expand its customer base amid slower-than-expected EV sales in the U.S. after automakers flooded the first-adopter market with pricey all-electric vehicles in recent years. Rivian’s sales pace has slowed in recent quarters, and the company widely disappointed investors last month by missing quarterly estimates and forecasting slightly lower production this year compared to 2023 due to plant downtime. The Amazon-backed company has been burning through cash to improve current EV production and narrow losses. Shifting production of the R2 from the in-development plant in Georgia to the company’s plant in Normal, Illinois, will save $2.25 billion, Rivian said in a press release. It will also allow the vehicle to begin production earlier, it said. The company said it will pause construction on the Georgia plant, to be resumed “later.” The R2 will operate on a new EV platform but looks like a smaller version of the R1S SUV. It will be capable of more than 300 miles of all-electric range on a single charge and 0-60 mph time in under3 seconds, the company said. “R2 represents the essence of our brand, while targeting the significant midsized SUV segment, a massive market with limited compelling EV options beyond Tesla,” Rivian CEO RJ Scaringe told investors last month. “R2 has been developed with vertically integrated propulsion platforms, electronics and software to create an incredible user experience.”"