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Stock impact report

Rivian Balances R2 Progress Recall Costs And Volkswagen Venture Value [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
Rivian Automotive (NasdaqGS:RIVN) has started production validation for its R2 SUV, moving closer to bringing a mass market model to customers. The company announced a major recall affecting earlier R1T and R1S vehicles, focused on addressing quality and safety issues. Rivian highlighted a US$5.8b joint venture with Volkswagen and improvements in gross profit as it pursues cost cutting and new partnerships. Rivian sits at the intersection of electric pickups, SUVs and commercial vehicles, an area that continues to attract attention from both traditional automakers and newer entrants. The R2 SUV is aimed at a broader customer base than the existing R1T and R1S, which positions it differently in the EV market. At the same time, the recall underlines that scaling complex hardware and software in vehicles can bring operational and reputational risks. For you as an investor, this mix of product rollout, recall activity and large partnership commitments creates a lot to weigh. The Show less Read more
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