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All discussion of Rivian Automotive
- Thread starter RobStark
- Start date
mspohr
Well-Known Member
Looks like a good idea. Lots of companies making good cells at good prices (surplus now).
They really should open the RAN sites up to non-Rivians that have plug & charge capabilities. Though it might not matter much to Tesla owners, as the sites I've seen seem to be nearly or co-located with Supercharger sites.
mspohr
Well-Known Member
The RAN can be a profit center if they can find good sites.
I've used their L2 chargers at Yosemite and other places with my Tesla and appreciate having the option.
(A recent trip drove from Lake Tahoe to Yosemite - 250 miles then charged in the Valley and back home. I didn't need to stop to charge!)
Rivian Trims Battery Team by Nearly 8% To Focus On R2 Platform, Stays Silent On Reported Layoff Of Lead Cell Engineer By Benzinga
Rivian Trims Battery Team by Nearly 8% To Focus On R2 Platform, Stays Silent On Reported Layoff Of Lead Cell Engineer
"A Rivian spokesperson confirmed the layoff to Benzinga and said that the layoff affected less than 8% of the company's whole battery team.
"While we place a very high value on the cell engineering competence we have built at Rivian, we're focusing the team on R2 and its defined programs," the spokesperson said while adding that the company will pause new cell development in-house.
Instead, Rivian will focus on growing the cell chemistry team, which will work closely with cell manufacturing partners, and on unveiling its R2 platform, according to the spokesperson."
AT&T and Rivian Team Up to Reduce CO2 Emissions
We'll begin piloting Rivian's electric vehicles in our fleet in 2024, prioritizing sustainability and reducing our carbon footprint.
about.att.com
AT&T is buying the commercial van, R1T and R1S.
Since R1T is suffering a bit of lack of demand while R1S is still backlogged ~4 months I hope AT&T buy the pickup for now.
Nice! I hope to hear about more of these pilots and then orders from fleet operators in 2024.AT&T and Rivian Team Up to Reduce CO2 Emissions
We'll begin piloting Rivian's electric vehicles in our fleet in 2024, prioritizing sustainability and reducing our carbon footprint.
AT&T is buying the commercial van, R1T and R1S.
Since R1T is suffering a bit of lack of demand while R1S is still backlogged ~4 months I hope AT&T buy the pickup for now.
Doggydogworld
Active Member
AT&T won't buy a meaningful amount of any Rivian model next year, they're just running a pilot program.
It’s too bad Rivian has elected to not work with a customization company so they could sell EDVs through them. Instead they are working directly with fleet customers and those are long sales cycles. Big sales, but long cycles. Maybe they figure they have enough EDV volume with Amazon until some of those other fleets start ordering in volume.
It’s just that delivery vans like that are almost always customized. The market for uncustomized delivery vans is very small. I don’t think Rivian should care if they customize it or a distributor customizes it. So it isn’t a pure middleman, since, like dealers, they don’t provide much value. A true value added reseller will take a Rivian EDV shell and customize it for a small fleet, or even make a version for sole proprietors. It may be that the raw EDV price is still too high to allow this and/or they have sufficient sales volume with their large fleet sales.
Rivian released their P&D, RIVN has dropped ~9% on the news.
rivian.com
It seems like they have a demand problem. (Unless they just aren't capable of delivering that many vehicles, but they delivered more last quarter, so it seems like a demand problem.) Though I guess part of the demand problem, from what I have seen, is that Amazon has paused accepting more vehicles, during the holiday season, and they have a bunch of Amazon delivery vans stacked up waiting for delivery. (I don't know how many, but probably not thousands.)
Rivian Releases Fourth Quarter 2023 Financial Results - Newsroom - Rivian
Rivian Releases Fourth Quarter 2023 Financial Results
rivian.com
Inventory, and therefore days of supply, increased significantly:
It seems like they have a demand problem. (Unless they just aren't capable of delivering that many vehicles, but they delivered more last quarter, so it seems like a demand problem.) Though I guess part of the demand problem, from what I have seen, is that Amazon has paused accepting more vehicles, during the holiday season, and they have a bunch of Amazon delivery vans stacked up waiting for delivery. (I don't know how many, but probably not thousands.)
I'm, also, thinking that part of it could be that people delayed purchasing an R1T while they waited for the Cybertruck details that were released at the end of November. So maybe Q1 will pickup, we'll have to see.
Previous posts did not have the targets or the 2023 totals:
finance.yahoo.com
It’s in the link, not the summary.
Rivian Releases Q4 2023 and Full-Year 2023 Production Figures and Sets Date for Fourth Quarter and Full Year 2023 Results
IRVINE, Calif., January 02, 2024--Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production totals for the quarter and full-year ending December 31, 2023. The company produced 17,541 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,972 vehicles during the same...
It’s in the link, not the summary.
Maybe never.
R2S is scheduled for sometime in 2026.
Currently, demand is 80% R1S and 20% R1T.
