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Rivian design boss shares how R2 builds off R1S and R1T at a lower price

Electrek

Rivian wants to shake up the industry with its next-generation R2 electric vehicle. How does Rivian plan to keep its rugged luxury feel at a lower price? Starting at around $45,000, the R2 is expected to open up a new market of buyers. The company’s design boss explains.

Design 101
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LME copper prices hit 7-year high

Green Car Congress

On 4 December 2020, the LME cash price hit its highest level since March 2013, closing at US$7,742/t. (By Copper prices plunged 27% to a low of US$4,617/t in late March as the global impact of COVID-19 became apparent, but copper stabilized and then began to rise, completing a full recovery to its January starting point by the end of July.

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IDTechEx: future of the electric ship industry lies with hybrid cargo vessels

Green Car Congress

More than 1GWh of batteries are now sailing on waters globally, reflecting 72% industry growth in 2022, according to a new report from IDTechEx. Source: IDTechEx - “Electric Boats & Ships 2024-2044” Electric and hybrid vessels are also typically new-builds, specifically designed to be efficient with electric propulsion.

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Benchmark: Saudi Arabia is building an EV battery supply chain

Green Car Congress

Among the deals: June 2023: Australian startup European Lithium and Saudi Arabia’s Obeikan Investment Group announced an agreement to create a joint venture to build and operate a lithium hydroxide refinery in Saudi Arabia. Spodumene prices are currently around $3,650 a tonne, according to Benchmark’s Lithium Price Assessment.

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Rivian design boss shares how R2 builds off R1S and R1T at a lower price

Baua Electric

Rivian wants to shake up the industry with its next-generation R2 electric vehicle. How does Rivian plan to keep its rugged luxury feel at a lower price? Rivian unveiled the R2 last month, with starting prices around $45,000. That’s almost half the current $74,900 R1S and $69,900 R1T starting price.

Design 52
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Kelley Blue Book: New-vehicle prices hit record high in November; average new EV price $65,041

Green Car Congress

According to data released by Kelley Blue Book, a Cox Automotive company, the average transaction price (ATP) for a new vehicle in the United States in November 2022 hit a new record high of $48,681. November prices rose 0.9% ($422) month over month from October 2022 and were up 4.4% ($2,250) from year-earlier levels. in October.

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Benchmark: Lithium industry needs more than $116B to meet automaker and policy targets by 2030

Green Car Congress

The lithium industry needs to invest $116 billion by 2030 if the world is to meet the ambitions targets set by governments and the largest automakers, according to a Benchmark analysis. The money needs to go into building new mines and refineries, as well as into expanding existing assets. TWh in the base case to 6.1