Rivians Chief Financial Officer announced the introduction of a new battery pack for the R1 vehicles, which will simplify the structure, reduce costs, and make manufacturing easier. The arrival of this new battery is anticipated to be a game-changer and could potentially lower the starting price of the R1 vehicles below $70,000, making them more accessible to a wider range of consumers. Stay tuned for more updates on Rivians new battery lineup and configurations in the coming year.
Next year, a new battery pack will be introduced on the R1S and R1T by Rivian’s Chief Financial Officer Claire McDonough.
Dan Levy from Barclays revealed in a recent interview that Rivian – electric cars manufacturer is set to introduce a new battery for their R1 vehicles in 2024. This new battery will be in addition to the Standard battery pack expected to be released next year. It appears that this particular battery option has not been previously disclosed by Rivian.
McDonough announced the introduction of a new battery pack for the R1 vehicles. This new battery pack simplifies the structure and reduces costs and mass significantly. It also makes manufacturing and building the vehicles much easier.
The introduction of new technologies is expected to improve operational and cost efficiency next year. These advancements will serve as key enablers for unlocking various benefits.
McDonough’s comments suggest that the new battery will be much cheaper to make, lighter, and easier to assemble than any of Rivian’s current battery packs. This appears to be a significant development.
The arrival of the new battery for the R1S and R1T vehicles next year is anticipated to be a game-changer. Rivian’s CFO expressed optimism about the new battery, suggesting that it may be more cost-effective to produce than the upcoming Standard battery. This could result in a lower starting selling price for the vehicles, possibly around the low $70,000 range. Furthermore, the CFO mentioned that the Standard pack is expected to expand the market of potential consumers for the R1 vehicles.
Rivian has recently released several updates that customers should take note of. These updates include exciting new features and improvements to their vehicles. Customers are encouraged to explore these updates to stay informed about the latest offerings from Rivian.
By implementing a new simplified battery pack, Rivian could potentially reduce the starting price of R1 vehicles below the $70,000 mark. This development would be welcomed by both the company and potential buyers. Considering the $7,500 federal tax credit, the prospect of purchasing a Rivian R1S or R1T for approximately $60,000 becomes highly feasible.
In the second quarter of 2024, Rivian’s assembly lines will pause for several weeks to make way for new batteries and configurations on R1 vehicles, as stated by Claire McDonough. She also revealed that Rivian plans to introduce three battery packs, two different drive units, and a brand new network architecture.
Speculation is arising that the cheaper battery pack from Rivian may take the place of one of the three known packs – Standard, Large, and Max. More information about Rivian’s battery lineup is expected to be revealed early next year, before the new configurations are slowly integrated into production.
Rivian’s Chief Financial Officer, Claire McDonough, announced the introduction of a new battery pack for the R1S and R1T vehicles, set to be released next year. This new battery pack aims to simplify the structure, reduce costs, and make manufacturing easier. McDonough expressed optimism that the new battery will be more cost-effective than the upcoming Standard battery, potentially lowering the starting selling price to around $70,000
