<ul><li>Rivian has achieved a significant reduction in production costs for the R1S and R1T, making them tens of thousands of dollars cheaper to manufacture.</li><li>In the last quarter of 2024, Rivian posted a gross profit of $170 million, mainly due to the cost reduction brought by the model refresh.</li><li>The cost of goods sold per unit produced was reduced by $31,000 through technological enhancements and negotiations with parts suppliers.</li><li>Rivian's CFO also mentioned the upcoming R2 model and plans for more service centers to meet the growing demand.</li></ul>

Rivian Slashed R1S, R1T Production Costs By A Massive Amount

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