Rivian's upcoming R2 vehicle will feature new domestically produced batteries from LG Energy Solution, enhancing compliance with tax credit frameworks under the Inflation Reduction Act.
The new 4695 battery cells are larger than Tesla's 4680 cells, promising a lighter and more cost-effective power source for Rivian's electric vehicles.
With an expected 45% improvement in assembly process efficiency, Rivian aims for significant cost reductions in its next-gen battery packs as compared to current models.
As automakers race to manufacture EV batteries domestically due to the Inflation Reduction Act, Rivian's collaboration with LG marks a crucial step towards compliance.
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