It looks like Rivian is raring to start out spending its newfound cash.
The EV maker has introduced plans to launch 5 new automobiles within the wake of a big funding from Volkswagen Group, in response to Autoblog. The slew of recent fashions might embrace the sort of “reasonably priced” EVs that Western automakers have been promising for years however have thus far been unable to ship.
Earlier this week, it was introduced that VW Group would make investments $5 billion into Rivian. The 2 firms are partnering collectively on an “equally managed and owned three way partnership” centered on know-how for brand spanking new automobiles, particularly EV structure and software program. Briefly, the funding grants the German automotive big entry to the EV maker’s spectacular know-how, giving the previous some assist in its bid to meet up with Tesla. The settlement, in the meantime, cash-hemorrhaging Rivian some much-needed monetary assist.
The slide from Rivian’s investor presentation
Rivian
A slideshow accompanying the announcement revealed plans for 5 new or up to date fashions. The presentation features a slide that breaks down the EV maker’s automobiles into 4 classes: Gen 1, Gen 2, MSP (or “midsize platform”), and Inexpensive Mass Market. The Gen 1 column consists of the first-generation R1T and R1S and the electrical supply van the corporate constructed for Amazon. After that issues begin getting attention-grabbing. The Gen 2 column consists of the newly refreshed R1T and R1S, whereas MSP options the R2 and R3 fashions unveiled earlier this yr. Each column additionally characteristic two mysterious EV lined with a shroud. Much more intriguing is the Inexpensive Mass Market column which options three such hidden automobiles, one among which is low sufficient to the bottom that it could be a automotive.
That’s all we all know in regards to the automobiles thus far, nevertheless it’s laborious to not be intrigued. Particularly attention-grabbing is the truth that the corporate explicitly referred to the cloaked EVs in column 4 as “reasonably priced.” The time period tends to be relative relating to EVs, but when Rivian releases an EV (or three) at a cheaper price level than the R2, which it says will begin at $45,000, that might be a recreation changer.
After all, it would possible be some time earlier than we see any of the brand new fashions. The R2 gained’t be prepared till 2026, with the R3 coming later. Who is aware of how lengthy we’ll have to attend for the remaining.
Authors
Bryan Hood
Senior Workers Author
Bryan Hood is a digital employees author at Robb Report. Earlier than becoming a member of the journal, he labored for the New York Publish, Artinfo and New York journal, the place he lined every thing from movie star gossip to…
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