The CEO boasted a 35% reduction in cost of materials for vans and savings of 'similar magnitude' for its other lines
Rivian says that it's reduced some material costs by up to 35 percent. It's also improved efficiency by reducing the number of parts it needs for each vehicle. While it expects Q2 results to be messy it's hoping to post a positive gross vehicle margin. Rivian shut down its production facility in Normal, Illinois during much of April. That move is part of why it predicts that it'll make roughly the same amount of cars this year , as it did in 2023.
The team has looked at everything from battery production to wiring. Rivian has streamlined its manufacturing process by eliminating 100 steps from battery production, removing 52 pieces of equipment from the body shop, and cutting over 500 parts from the designs of the R1T and R1S. These significant improvements not only enhance efficiency but also reduce the likelihood of part failures post-delivery.
Production Reports Rivian Rivian R1S Rivian R1T Rivian R2
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