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Stock impact report

Rivian CEO's plan to make EVs cheaper starts with their computers [TechCrunch]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: TechCrunch
One of the biggest payoffs? Changing the electronic control unit (ECU) architecture inside its EVs, Scaringe emphasized during an interview Thursday at the Morgan Stanley Laguna Conference. “By far the biggest is the ECU consolidation,” Scaringe said when asked what the No. 1 cost savings opportunity would be for Rivian over the next six months. “The ability to consolidate ECUs is not a few $100, we're talking multi-thousand-dollar savings, to move to, you know, a fraction of the number of computers in cars than what we've historically seen.” ECUs are essentially little computers that have a specific set of functions or domains that they control. ECUs are found in every modern car and their numbers have grown as automakers have added more technology. Traditionally, legacy automakers have bought ECUs — and the software that sits on them — from a variety of Tier 1 suppliers. Scaringe said that outsourcing makes it challenging to improve the software stack, including rolling out wir Show less Read more
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