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Rivian raises price on R1T electric truck, R1S SUV ahead of new dual-motor versions – TechCrunch

Rivian has raised the price of its all-electric R1T pickup by 17% and R1S SUV by about 20% because the newly public automaker tries to regulate to inflationary strain, will increase in the price of uncooked supplies and elements in addition to a protracted chip scarcity.

The price change, which was updated on the company’s website Tuesday afternoon, is a component of Rivian’s broader plan to introduce a new dual-motor model of the truck and SUV in 2024, in accordance with the corporate. That new propulsion system will embrace motors designed and manufactured by Rivian, a mirrored image of CEO R.J. Scaringe’s aim to vertically combine the corporate. Customers have been additionally knowledgeable by way of e-mail this Tuesday afternoon in regards to the change.

Rivian first launched the R1T and R1S in 2018 as all-wheel drive EVs geared up with a quad-motor system that pumped up the horsepower and torque and helped the startup stand out. Until right this moment, the bottom price of this quad-motor R1T and R1S have been $67,500 and $70,000 respectively. The new pricing will push the bottom price of the R1T to almost $79,000 and the R1S to $84,000. 

The price changes will have an effect on the bulk of clients who pre-ordered, or reserved, the truck or SUV. Customers who have been already within the ultimate steps of finishing their transaction with Rivian can be locked into that decrease price, in accordance with the corporate.

The relaxation should pony up the additional cash.

Rivian’s chief development officer Jiten Behl supplied a prolonged assertion explaining the transfer, citing inflation, part prices and provide chain constraints. Behl famous that the costs for the R1T and R1S fashions have been established in 2018. Since then, the common transaction price for new automobiles has risen 37%, the corporate mentioned, citing knowledge from Edmunds.

“Like most manufacturers, Rivian is being confronted with inflationary pressure, increasing component costs, and unprecedented supply chain shortages and delays for parts (including semiconductor chips),” Behl mentioned in an emailed assertion:

This rise in price and complexity because of these difficult circumstances necessitate a rise to the costs of the R1T and R1S fashions we provide right this moment — costs which have been initially set in 2018. This determination will permit us to proceed to supply aggressive merchandise that preserve the excessive customary of high quality, efficiency and capabilities that our clients count on and deserve from Rivian.

Along with the adjusted costs for our present choices, we’re additionally asserting Dual-Motor AWD and Standard battery pack choices for R1T and R1S, which can present a broader vary of selections for purchasers as half of our increasing portfolio of choices, upgrades and equipment.

Rivian mentioned it plans to begin manufacturing of dual-motor versions of the R1T and R1S in 2024. These autos, which can be geared up with a propulsion system designed and manufactured by Rivian, will take over the decrease base price place beforehand held by the unique quad motor variants. The firm tweeted that the dual-motor AWD configuration and its ~260-mile customary battery pack was open for preorders.

The dual-motor R1T and R1S autos will nonetheless provide clients the all-wheel drive features, albeit with some changes to horsepower and torque. On the upside, the vary will possible enhance.

The quad-motor R1T produces greater than 800 horsepower, 900 lb-feet of torque and has 11,000-pound towing capability. It additionally has a 314 miles EPA-rated vary. The dual-motor could have a projected 600 horsepower and 600 lb-feet of torque. Rivian isn’t saying what its vary can be, besides that it needs to be greater than 320 miles.

Unlike the quad system, which makes use of a mixture of Bosch motors and electronics and Rivian inverters, this new system can be fully from the automaker. The electric motors, which Rivian will produce at its Normal, Illinois manufacturing unit, can be positioned on the entrance and rear axles. The single-drive models truly slot into the present area utilized by the quad motor system, which suggests the whole underlying structure can stay unchanged.

The finish outcome can be a propulsion system that’s cheaper and lighter, and a higher-range automobile that also has the traction management that’s consistent with the journey automobile efficiency that Rivian has constructed its enterprise round.

Richard Farquhar, vp of propulsion at Rivian, mentioned early conversations with Scaringe centered on easy methods to provide journey autos that don’t compromise on what its clients need.

“All-wheel drive is key to that,” Farquhar mentioned, a remark that implies Rivian won’t provide the truck or SUV with a single-motor powertrain.

This new drive unit will embrace the primary Rivian designed and manufactured electromagnetic motor, a second-generation inverter, new lively cooling system for the rotor and stator of the motor, an optimized gear ratio and a characteristic that disconnects the drive on the output of the rear drive unit to permit most automobile vary in particular drive modes, in accordance with Farquhar.

“We’ve obsessed over this cooling and electromagnetic design to get as much performance and efficiency out of the integrated motor, inverter and gearbox system, which includes optimized gear ratios,” Farquhar mentioned. “We believe AWD gives us the uncompromised adventure vehicle and with that criteria, we’ve focused on making this single-motor drive unit as compact, efficient, lightweight and low cost as we possibly can with the technology.”

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