A whole load of other secrets have been spilled too.
We finally had the opportunity to drive the Rivian R1T recently and we came away impressed by it. But things aren't going all that well for the electric carmaker of late. Tesla continues to battle Rivian in court, claiming the theft of employees and intellectual property, and its recent initial product offering (IPO) listing revealed that the company has lost a billion dollars. Fortunately, there was some good news revealed by the IPO, including when to expect the arrival of the company's first SUV, what its autonomous subscription service will cost, and more. Listed on the the Securities & Exchange Commission's website, the IPO even reveals how many preorders the company has.
As of September 2021, the R1T and the R1S SUV have amassed 48,390 preorders in the US and Canada, with the latter vehicle said to be starting production in December. The document also says that the automaker has six service centers in four states (California, Illinois, Washington, and New York), along with 11 mobile service vehicles and a 24/7 support center in Michigan. 145 Rivian Waypoints charging stations in 30 states are listed too, along with 20 locations for future service centers. The delivery fee for new vehicles will be something around $1,700, while the autonomous driving fee is a whopping $10,000. A subscription likely to be Rivian Membership is expected to cost $5,500 over 10 years.
We also learn that Rivian is planning fewer vehicles for future release but with higher charging performance of up to 300 kilowatts on DC power. The aforementioned R1S is expected to receive a rear cargo-mounted camp kitchen too. Rivian expects that its platform will allow for evolution and will eventually support SAE Level 3 autonomy, and fleet management programs are planned, with the automaker expecting to be able to produce up to 200,000 vehicles a year in 2023. In addition, we learn that Ford is no longer supplying bodies to Rivian, only tooling and expertise, and that Cox will be the approved reseller of all used Rivians. It's all very interesting and promising, but we can't help but have our doubts about the timelines mentioned in this IPO. We hope that we're proved wrong.