The Overlooked Reason Rivian's R2 Is So Important
For publicly traded companies, it seems like you're only as good as your next product. Instead of "What have you done for me lately?" it's "What are you doing for me next?" That's where investors in Rivian Automotive (NASDAQ: RIVN) are focusing their attention currently -- on the company's next big product, the R2.Let's cover the basics of why the R2 is so important, but more importantly let's also point out the often overlooked reason the R2 is so critical for Rivian.Rivian perhaps gave us a glimpse of what's to come when it unleashed the second generation of the R1 vehicles. It made several hardware changes, reduced the number of parts, and focused on cost improvements. The R2 will take the baton, and Rivian has cut out 100 steps from its battery-making process, over 50 components from the body shop, and about 500 parts from its design. The young EV maker has managed to reduce material costs by 50% with the R2. Continue reading
For publicly traded companies, it seems like you're only as good as your next product. Instead of "What have you done for me lately?" it's "What are you doing for me next?" That's where investors in Rivian Automotive (NASDAQ: RIVN) are focusing their attention currently -- on the company's next big product, the R2.
Let's cover the basics of why the R2 is so important, but more importantly let's also point out the often overlooked reason the R2 is so critical for Rivian.
Rivian perhaps gave us a glimpse of what's to come when it unleashed the second generation of the R1 vehicles. It made several hardware changes, reduced the number of parts, and focused on cost improvements. The R2 will take the baton, and Rivian has cut out 100 steps from its battery-making process, over 50 components from the body shop, and about 500 parts from its design. The young EV maker has managed to reduce material costs by 50% with the R2.
