Rivian plans to enhance its electric vehicles with hands-off Level 2 driver assistance by 2025, followed by eyes-off, hands-off Level 3 semi-autonomous driving by 2026. CEO RJ Scaringe highlighted the value of these technologies in specific domains, as currently, the only Level 3 system available in the U.S. is offered by Mercedes. Rivian's advancements signify its competitive vision against Tesla and other major automakers amid current challenges facing the EV market.
We think there's an enormous amount of value to customers, to having a robust first level two, but importantly, level three in very specific domains.
Imagine a world where you leave your house, you're still in the vehicle, but you get to the highway, and you have all of your time....You don't have to be looking at the road.
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