Home / Tech / Electric vehicle maker Rivian: expect prices lower than previously announced

Electric vehicle maker Rivian: expect prices lower than previously announced

Electric vehicle maker Rivian: expect prices lower than previously announced

MILL VALLEY, California (Reuters) – Electric vehicle startup Rivian on Saturday displayed its pickup truck and SUV at an occasion in San Francisco’s Bay Area and mentioned that when their prices are unveiled quickly they are going to be lower than has been previously announced.

The Rivian R1T all-electric truck is pictured at an occasion, held by the electrical vehicle startup, for patrons who preordered the truck, in Mill Valley, California, U.S., January 25, 2020. REUTERS/Nathan Frandino – RC29NE9IT0D9

Rivian founder and chief govt R.J. Scaringe instructed Reuters the mid-range R1T pickup truck with a glass sky panel that may change from blue to clear was about $69,000. It can journey 300 miles on a full cost. An identical vary R1S SUV will promote for about $72,000.

Rivian mentioned the massive battery may go 400 miles and the smallest may go 230 miles.

Scaringe declined to say what number of potential consumers have to this point spent $1,000 on a refundable deposit to carry their spot for a Rivian, however he mentioned the response had been “really positive”.

“So we’re excited by that. But we now have the challenge of a lot of pre-order customers aren’t going to get the cars as fast as they like because there’s such a long queue,” he mentioned.

Rivian, based in 2009, made waves when it unveiled its first prototype mannequin on the LA Auto Show in 2018. It has raised $three.6 billion and counts Amazon.com Inc [AMZN.O] and Ford Motor Co. [F.N] as buyers.

Many prospects on the occasion have been excited in regards to the designs, however Patrick Bonsi, who flew from New Jersey to see the autos, questioned whether or not Rivian would have a Tesla Supercharger-like charging community. He owns a Tesla (TSLA.O) Model three.

“What I found with super charging is, if the Supercharger network is not made by the car company, it doesn’t charge the car as fast,” mentioned Bonsi.

Scaringe mentioned Rivian was engaged on rolling out a community of charging stations at key places equivalent to nationwide parks, however that the autos can cost on most charging networks accessible at the moment.

Brian Gase, Rivian chief engineer of particular tasks, and worker quantity 4 was busy exhibiting prospects the batteries, saying 7,776 of them have been powering the pickup truck, and one was powering a flashlight that slides into the door, giving the automotive a fortunate 7,777 batteries.

The first R1T vans will probably be delivered beginning on the finish of this 12 months, adopted shortly after by the R1S SUVs, Scaringe mentioned.

Reporting by Jane Lanhee Lee; Editing by Daniel Wallis

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