Rivian reported delivering 13,790 vehicles in Q2, aiming for 57,000 in 2024 and focusing on profitability through cost-saving re-tooling efforts.
CEO RJ Scaringe highlighted cost-saving measures at Rivian's Illinois factory, reducing average EV assembly time by 30%, driving toward profitability.
Volkswagen's $5 billion investment in Rivian will support the development of new vehicle lines, including the R2 truck and SUV, and R3 compact EV.
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