Rivian Enhances Older R1 Models With New Software Update Following Gen-2 Unveiling
Portfolio Pulse from Anan Ashraf
Rivian Automotive Inc (NASDAQ:RIVN) announced a new software update for its first-generation R1 models, including suspension enhancements and a redesigned user interface. This follows the unveiling of its second-generation R1 vehicles. Rivian aims to start production of its cheaper R2 model in 2026 and recently received a $5 billion investment from Volkswagen for a joint venture.
June 29, 2024 | 6:04 am
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Rivian's new software update for its first-gen R1 models includes suspension enhancements and a redesigned UI. This follows the launch of its second-gen R1 vehicles. Rivian also received a $5 billion investment from Volkswagen for a joint venture.
The software update improves user experience and vehicle performance, which could enhance customer satisfaction and retention. The $5 billion investment from Volkswagen is significant for Rivian's future growth and development of next-gen EV platforms.
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