Rivian Automotive making progress on cost cutting - Baird expects strong Q3 deliveries and sees 35% opportunity!
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California-based electric vehicle manufacturer Rivian Automotive (RIVN) currently offers the R1T, a pickup truck, and the R1S, an SUV. CEO Robert Scaringe has big plans to cut costs with proprietary electric motors, software solutions and driver assistance systems. This is to provide independence from third-party suppliers and a differentiated and improved user experience. Consolidation of the electronic control unit (ECU) architecture, i.e., a smaller number of computers performing control functions, is expected to deliver cost savings of several...
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