Rivian's New Software Update Seeks To Address Vampire Drain Range Loss
Portfolio Pulse from Anan Ashraf
Rivian Automotive Inc (NASDAQ:RIVN) has introduced a new software update aimed at improving range loss by over 25% in its R1S and R1T vehicles. The update addresses the issue of battery drain when the vehicles are left idle, a phenomenon known as vampire or phantom drain. Other improvements include the option to use the multi-functional thumb controls on the steering wheel to mute the microphone, swap between calls, or hold the current one to accept another.

September 14, 2023 | 6:40 am
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Rivian's new software update aimed at improving range loss and addressing battery drain issues could enhance user experience and reliability, potentially boosting customer satisfaction and sales.
The software update directly addresses a key concern raised by Rivian customers - battery drain when vehicles are left idle. By improving this, Rivian enhances the user experience and reliability of its vehicles, which could lead to increased customer satisfaction and potentially boost sales. This is likely to have a positive impact on Rivian's stock in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100