Rivian Introduces Second Generation R1S, R1T
Rivian has unveiled its second-generation R1S SUV and R1T pickup, featuring overhauled hardware, performance enhancements, and a new software experience. The new models start at $69,900 and include Rivian-designed Quad Motor delivering 1,025 horsepower and 0-60 mph in under 2.5 seconds. The vehicles offer different motor configurations, advanced thermal systems, and new battery packs providing up to 420 miles of range. Updated technology includes a redesigned electrical architecture and an advanced autonomy system with enhanced safety features. These updates improve efficiency, reduce manufacturing costs, and lower the carbon footprint by 15% compared to the previous generation. Pricing starts at $75,900 for R1S and $69,900 for R1T, with immediate deliveries.
- Second-generation R1S and R1T feature enhanced hardware and software.
- Starting price of $69,900 offers competitive entry into the market.
- Quad Motor delivers 1,025 horsepower and accelerates 0-60 mph in under 2.5 seconds.
- New battery packs provide up to 420 miles of range.
- Advanced autonomy system with 360-degree visibility and multiple safety features.
- Reduced carbon footprint by 15% compared to the first generation.
- New electrical architecture reduces ECUs from 17 to 7, enhancing efficiency.
- Production is based in Normal, Illinois, with immediate deliveries.
- Initial pricing for the new R1S SUV starts at $75,900, which may be considered high.
- Dependence on in-house manufactured components could pose supply chain risks.
- Enhanced features and technology could lead to increased production costs.
- Potential delays in rolling out premium autonomy features like Enhanced Highway Assist.
Insights
Rivian’s introduction of the second-generation R1S and R1T vehicles has several important financial implications. Pricing for these vehicles starts at
Production being set in Normal, Illinois is another favorable point as it highlights Rivian’s commitment to domestic manufacturing, which could potentially leverage tax benefits and lower logistical costs. Moreover, the introduction of a subscription-based service, Connect+, offers a new revenue stream beyond the one-time purchase of the vehicle. This could be a significant driver for long-term recurring revenue.
It's important to note that while Rivian’s investments in advanced technology and performance upgrades are promising, they come with high R&D costs. Investors should monitor Rivian’s cash flow and balance sheet to ensure these expenditures don’t outweigh their benefits. Short-term impacts may include increased operational expenses, but these investments are aimed at long-term growth and market positioning.
The second-generation R1S and R1T vehicles from Rivian are introducing some significant technological advancements. The zonal electrical architecture and the new autonomy platform are major steps forward. The reduction of the ECUs from 17 to 7 optimizes vehicle design, reducing complexity and potential points of failure. This is not just an internal improvement; it can also translate to better reliability for customers, which is a strong selling point.
The launch of the in-house developed Quad-Motor, delivering 1,025 horsepower and enabling 0-60 mph in under 2.5 seconds, positions Rivian as a leader in performance EVs. The significant improvements in battery technology, including the new lithium iron phosphate-based Standard pack, offer a more affordable option to consumers while maintaining respectable range. Additionally, the new thermal system and 22-inch aero wheels show a holistic approach to efficiency and performance enhancements.
The Rivian Autonomy Platform is another highlight, promising a more advanced driver-assistance system. The use of 11 cameras, five radars and AI prediction technology sets a high bar for autonomous capabilities. The enhanced compute power and improved sensor suite will likely make Rivian’s vehicles more competitive against other players in the autonomous vehicle market.
The introduction of Rivian's second-generation R1S and R1T vehicles speaks volumes about the company's market positioning and strategy. The inclusion of high-end features like Dolby Atmos®, a premium audio system and customizable interior lighting cater to the luxury market segment. This aligns Rivian more closely with premium automotive brands, potentially increasing its appeal to affluent consumers.
The flexibility in battery options, ranging from the Standard pack to the Max battery pack, allows Rivian to target a broader customer base. This diversification is strategic as it offers entry-level buyers an affordable yet high-performance option while still catering to those seeking extended range and more luxurious features. The focus on reducing the lifetime carbon footprint positions Rivian favorably within the growing eco-conscious consumer segment.
Additionally, the integration of digital keys, Apple Music and streaming services through Connect+ enhances the user experience, making Rivian vehicles more attractive to tech-savvy consumers who prioritize seamless, integrated experiences. Rivian's commitment to sustainability and efficiency, coupled with innovative features, is likely to attract a loyal customer base and promote brand loyalty.
New Vehicles Feature Advanced Performance, Evolved Tech Platform and Updated Designs, Starting at
Including a New Rivian Designed and Built Quad Motor Delivering 1,025 Horsepower and 0-60 in Under 2.5 Seconds
The new R1S SUV and R1T pickup have been completely reengineered through hundreds of hardware improvements, performance upgrades, a fully redesigned software experience, and evolved in-house drive systems. Maintaining Rivian’s iconic exterior design, this second generation brings efficiency with a zonal electrical architecture and introduces a step change with entirely new compute and autonomy platforms. These vehicles also offer new motor configurations, design elements, and trim and tire choices for customers.
“We continue to evolve our flagship R1 vehicles, offering quality and performance without compromise. Our revamped R1S and R1T push the technical boundaries further, creating our most capable products to date,” said RJ Scaringe, Rivian CEO and founder.
Performance for Every Adventure
The new R1 platform offers more power, performance, and range, thanks to a Rivian-designed and built drive unit offered in Tri-Motor and Quad-Motor configurations. The 1,025 horsepower Quad-Motor R1T delivers 0-60 mph in less than 2.5 seconds and a staggering 1,198lb ft of torque when using Launch Mode. A Rivian-built Dual-Motor is available as well. These motors are now designed, engineered, and manufactured fully in-house.
New Large and Max battery packs have redesigned modules and more efficient packaging, making them easier to manufacture and service, while offering up to an estimated 420 miles of range. Customers looking to maximize value can opt for a new lithium iron phosphate-based Standard pack with up to an EPA-estimated 270 miles of range.
To further optimize efficiency, this next generation platform introduces a redesigned heat pump-based thermal system, improving rider temperature comfort and saving range. New 22-inch aero wheels and tires also reduce drag, with a coefficient as low as 0.297, optimizing range to take adventures further. Additionally, an updated suspension and air springs make for a smoother on-road ride without compromising off-road capability.
Advanced Technology
Our second generation R1 vehicles feature an entirely new electrical architecture and compute platform which reduces 17 ECUs found in first generation vehicles down to 7, maximizing efficiency and allowing for the removal of 1.6 miles (2.6km) of wiring from each vehicle.
A new in-house developed autonomy system, called Rivian Autonomy Platform, offers a significant leap forward in capability. It is powered by 11 cameras, five radars, and AI prediction technology. The system is backed by an industry-leading level of compute power. Our Autonomy Compute Module is 10 times more powerful than our previous system. With 360-degree visibility, 8 times the number of camera megapixels from previous vehicles, and redundant sensors, the system can see far into the distance, even in poor weather and light conditions. It is available on all vehicles as standard, including features like high-resolution camera Blind Spot Monitoring and Highway Assist. A premium version of the system, Rivian Autonomy Platform+, features an even broader set of capabilities. Lane Change on Command is available to start, with Enhanced Highway Assist available later this year, and expanded road coverage to follow.
New headlights and taillights are designed with the safety of everyone on the road in mind. These headlights feature Adaptive Drive Beam technology which will be enabled later this year, helping drivers stay more aware while driving on dark roads by adapting dynamically to oncoming traffic.
New Experiences and Designs
Additionally, new features and options are available with the next generation R1S and R1T. Rivian owners can use car keys in Apple Wallet on iPhone and Apple Watch, or with select Google Pixel devices, to seamlessly unlock and start up their vehicles, and even share keys digitally with family and friends.
A new Rivian-developed sound system and Dolby Atmos® are available with Rivian Premium Audio. Dolby Atmos is an immersive sound experience that reveals more depth, clarity, and details in your favorite music.
Connect+, a new subscription service, supports streaming video through Google Cast and provides access to more than 3,000 apps, seamlessly bringing your favorite entertainment right into your R1’s center display. For Connect+, Rivian also worked closely with the Apple Music team to deeply integrate this feature into Rivian's software platform. Rivian’s Connect+ gives customers access to Apple Music’s catalog of over 100 million songs and 30,000 playlists, ad-free. With Rivian Premium Audio, they can also hear sound all around with Apple Music’s Spatial Audio with Dolby Atmos.
For the interior, a Dynamic Glass Roof keeps the cabin feeling airy but can be tinted electronically at the touch of a button. An interior lighting system can be customized with a spectrum of colors. Finally, a redesigned software user interface, powered by Unreal Engine, brings a unique and playful illustration style enhanced with real-time graphics that nod to the adventurous spirit of the Rivian community.
Two entirely new premium Ascend trims are offered, as well as a new Storm Blue exterior paint, and blackout trim options.
Efficiency & Sustainability
Rivian’s commitment to reducing carbon emissions underpins the design of these vehicles. Based on comprehensive lifecycle carbon footprint assessments, these vehicles achieve a
Pricing for the second generation R1S will start at
About Rivian:
Rivian (NASDAQ: RIVN) is an American automotive manufacturer that develops and builds category-defining electric vehicles and accessories. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are built in
View source version on businesswire.com: https://www.businesswire.com/news/home/20240606335706/en/
Investors: ir@rivian.com
Media: Harry Porter: media@rivian.com
Source: Rivian
FAQ
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