Rivian aims to improve profitability through manufacturing cost reductions and production expansion
RIVN Rivian Automotive Inc
$12.46 +0.24%
View chart & analysis → - 1Rivian aims to achieve an expected 70% reduction in component costs by replacing the R1's double wishbone structure with a strut design.
- 2Rivian has reduced rear door components by 65% and expects a 55% cost reduction through redesign.
- 3The R3 crossover is scheduled for release in 2028 within Rivian's $18.04 billion market capitalization.
So what's the key point?
Rivian is changing its component designs to save on manufacturing costs. The goal is to reduce component costs by 70%.
Source The Motley Fool +1 · View original ↗
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