Rivian redesigns all-electric R1 pickup and SUV, adds Nvidia chips and improves performance
Publishing timestamp: 2024-06-06 12:15:18
Summary
Rivian Automotive has redesigned its all-electric R1 pickup and SUV models to improve range, performance, and computing power using Nvidia chips. The company has made significant changes to the hardware components for the second-generation products, with pricing adjustments for the new models. The updates come as Rivian aims to increase sales of its flagship models ahead of launching less-expensive "R2" models. The company's stock has been under pressure due to significant losses and cash burn. Delivery for the updated models will start immediately.
Sentiment: NEUTRAL
Keywords: breaking news: business, rivian automotive inc, transportation, business news, nvidia corp, autos, business,
Source: https://www.cnbc.com/2024/06/06/rivian-r1-pickup-suv-redesigned.html