Rivian Automotive Inc.’s chief government officer mentioned that new orders are driving up the typical gross sales worth of its electrical autos.
CEO RJ Scaringe advised Bloomberg TV in an interview Wednesday his agency is talking with a “pipeline” of potential prospects for its battery-electric vans now that Rivian’s four-year settlement exclusivity with Amazon.com Inc. has ended, although he didn’t present additional particulars.
“There’s an evolution of our average selling price which continues to trend upwards as we move in to new orders,” Scaringe mentioned in the course of the interview.
Scaringe additionally addressed progress on narrowing losses for every EV it builds — at the moment $31,000.
“There’s a whole host of changes that are happening in our material costs, that’s our bill of materials, there’s improvements in our plant and there’s the fixed cost absorption from running higher volumes in the plant,” he mentioned.
Rivian plans to honor its unique take care of Amazon to ship 100,000 vans to the e-commerce big by 2030.
Scaringe mentioned he expects the EV maker will unveil a prototype of its new R2 compact SUV in early 2024. He additionally mentioned the agency expects to begin reserving income from autonomy expertise and software program within the coming 12 months.