
Rivian CEO Defends $25 Billion Cash Burn for Future Growth
Rivian CEO RJ Scaringe justifies the $25 billion spent over eight years, viewing it as a necessary investment to establish the brand and prepare for the high-volume launch of the R2 SUV.

Rivian CEO RJ Scaringe justifies the $25 billion spent over eight years, viewing it as a necessary investment to establish the brand and prepare for the high-volume launch of the R2 SUV.

Rivian enhances navigation with Connect+ satellite view, route sharing, improved charging info, dynamic routing, and a new design for in-car maps. Enhanced POI access and real-time updates improve the driving experience.

Simplifying manufacturing may also exacerbate Rivian's existing issue with collision repair, where even minor impacts can require expensive replacement panels.

This is part of why the U.S. truck market has been hard to crack: Ford, Chevy and Ram put a lot of emphasis on fleet sales, and customers know they'll be able to quickly service vehicles and get them back on the road.

It was released in the second half of January and includes improvements to the vehicle alarm, Apple Music integration and driveability in reverse, as well as several bug fixes.

As of this writing, Rivian only sells pre-owned EVs in California and Illinois, two of its biggest markets, so you’ll need to enter a zip code from one of these states to see what’s on offer online.

As part of China’s strict system of capital controls, Beijing requires companies to get government approval for overseas direct investment above a certain threshold, which is typically an arduous and months-long bureaucratic process.