Rivian Tweaks Warranty For Dual Motor System: What EV Buyers Should Know
Portfolio Pulse from Anan Ashraf
Rivian Automotive Inc (NASDAQ:RIVN) has adjusted its warranty for its dual motor drive system. The warranty for dual motors is now 4 years or 50,000 miles, compared to 5 years or 60,000 miles for its quad motor vehicles. The battery pack warranty for dual motors is 8 years or 150,000 miles. This change aligns Rivian's warranty with that of Tesla Inc (NASDAQ:TSLA), BMW, and Mercedes, who also offer a basic warranty of four years.
July 31, 2023 | 9:59 am
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Rivian has adjusted its warranty for its dual motor system, which could impact customer perception and sales.
The adjustment in warranty could impact customer perception of the product's quality and reliability, potentially affecting sales. However, it's also in line with industry standards, which could mitigate any negative impact.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100
NEUTRAL IMPACT
Rivian's warranty adjustment aligns it with Tesla's warranty offering, potentially impacting competitive dynamics.
Rivian's warranty adjustment brings it in line with Tesla's offering, potentially impacting the competitive dynamics between the two companies. However, the direct impact on Tesla is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50