Info From RJ's Fireside Chat on June 2nd (w/ mention of LFP batteries)

[Longhorngirl]

UPDATED FOLLOWING FIRESIDE CHAT:

Here are my notes. I don’t think there was very much new information. I was surprised that RJ said that they are currently building four vehicles this year. Apparently, they are building two different sizes of the EDV, both the 500 and 700. I was under the impression that they were only building one version of the EDV this year.

• LFP battery packs will begin shipping for consumer vehicles early next year. That's roughly a year ahead of their 2024 timing on the website! [noted by @hiimisaac]
• They're also incredibly bullish on LFP. I don't think they have any plans to not continue with the smaller, LFP packs as a lot of people have speculated. [noted by @hiimisaac]
• Reiterated that the goal is to have overall market share of 10% of the entire new car market, which is expected to be selling only electric cars by the end of the decade.
• R2 vehicles will be priced from $40k to $60k and is anticipated to begin production in Georgia in 2025.
• Very important to ramp up R2 volume with expansion to Europe and China in the future.
• Normal plant is currently running 30 hours a week. For the second half of the year, this is expected to ramp up dramatically due to better relationships with semiconductor suppliers.
• Normal plant will be expanded to produce up to 200k vehicles a year and will continue to only manufacture R1s and EDVs.
• Base models and commercial EDVs will have a LFP battery pack, which are cheaper than the nickel based batteries. Not sure what base models mean. I assume R1s with dual motors since he said this will happen starting next year for the R1s.

ORIGINAL POST

Link to tomorrow‘s chat at 3:30pm ET.
https://www.businesswire.com/news/h...’s-38th-Annual-Strategic-Decisions-Conference

I noticed RJ also did a chat with Morgan Stanley last week. Listening to it now.
https://www.businesswire.com/news/h...Morgan-Stanley-Sustainable-Futures-Conference

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[R1Sky Business]

R1S announcement surely will come…

 

[Count Orlok]

am I allowed to determine where the fire is placed?

 

[kurtlikevonnegut]

am I allowed to determine where the fire is placed?

As long as it isn't in the factory! Too soon?

Anyways, hopefully someone will ask him when I'll get my truck.

 

[R1Sky Business]

As long as it isn't in the factory! Too soon?

Anyways, hopefully someone will ask him when I'll get my truck.

Not too SooN

 

[hiimisaac]

So, I don't know who needs to hear this but he said something very important during this fireside chat.

LFP battery packs will begin shipping for consumer vehicles early next year. That's roughly a year ahead of their 2024 timing on the website!

They're also incredibly bullish on LFP. I don't think they have any plans to not continue with the smaller, LFP packs as a lot of people have speculated.

 

[Longhorngirl]

Here are my notes. I don’t think there was very much new information. I was surprised that RJ said that they are currently building four vehicles this year. Apparently, they are building two different sizes of the EDV, both the 500 and 700. I was under the impression that they were only building one version of the EDV this year.

• Reiterated that the goal is to have overall market share of 10% of the entire new car market, which is expected to be selling only electric cars by the end of the decade.
• R2 vehicles will be priced from $40k to $60k and is anticipated to begin production in Georgia in 2025.
• Very important to ramp up R2 volume with expansion to Europe and China in the future.
• Normal plant is currently running 30 hours a week. For the second half of the year, this is expected to ramp up dramatically due to better relationships with semiconductor suppliers.
• Normal plant will be expanded to produce up to 200k vehicles a year and will continue to only manufacture R1s and EDVs.
• Base models and commercial EDVs will have a LFP battery pack, which are cheaper than the nickel based batteries. Not sure what base models mean. I assume R1s with dual motors since he said this will happen starting next year for the R1s.

 

[kurtlikevonnegut]

So, I don't know who needs to hear this but he said something very important during this fireside chat.

LFP battery packs will begin shipping for consumer vehicles early next year. That's roughly a year ahead of their 2024 timing on the website!

They're also incredibly bullish on LFP. I don't think they have any plans to not continue with the smaller, LFP packs as a lot of people have speculated.

Hmm this is very interesting indeed. It sounds like their dual motor development and production is ahead of schedule as I assumed that was going to be the major limiting factor for the base models. There's a part of me that thinks the dual/standard/explore is a hell of a deal at under $70k.

 

[hiimisaac]

So, I don't know who needs to hear this but he said something very important during this fireside chat.

LFP battery packs will begin shipping for consumer vehicles early next year. That's roughly a year ahead of their 2024 timing on the website!

They're also incredibly bullish on LFP. I don't think they have any plans to not continue with the smaller, LFP packs as a lot of people have speculated.

I actually just realized… since you can’t configure LFP with quad motor, that means dual motor is also slated for early next year.

 

[OverZealous]

Base models and commercial EDVs will have a LFP battery pack, which are cheaper than the nickel based batteries. Not sure what base models mean. I assume R1s with dual motors since he said this will happen starting next year for the R1s.

I believe that this means any R1 with the small battery pack. LFP isn't as dense as the nickel packs, so they can use the space set aside for the Max Pack for the LFP battery. Large & (of course) max pack will continue to need to use the current battery tech.

Hopefully they have some plan in place to deal with the stable voltage of the LFP pack, since it has caused some issues for Tesla (for example, they would prefer if you charged up to 100% all the time, so the BMS can more accurately predict the actual battery level).

 

[AllInev]

So, I don't know who needs to hear this but he said something very important during this fireside chat.

LFP battery packs will begin shipping for consumer vehicles early next year. That's roughly a year ahead of their 2024 timing on the website!

They're also incredibly bullish on LFP. I don't think they have any plans to not continue with the smaller, LFP packs as a lot of people have speculated.

The LPF batteries seem great -especially if they can be DC charged quickly and the country's charging infrastructure improves quickly. I also love the ability to charge to 100% everyday if I want without inducing battery degradation.

 

[DJG]

So, I don't know who needs to hear this but he said something very important during this fireside chat.

LFP battery packs will begin shipping for consumer vehicles early next year. That's roughly a year ahead of their 2024 timing on the website!

They're also incredibly bullish on LFP. I don't think they have any plans to not continue with the smaller, LFP packs as a lot of people have speculated.

Not sure why anyone would doubt their interest in the smaller LFP packs. It's only slightly less than the Large, but nearly the same in daily range because you can charge to 100%. 260mi with ability to charge to 100% without concern is a powerful offering.

 

[DJG]

• Base models and commercial EDVs will have a LFP battery pack, which are cheaper than the nickel based batteries. Not sure what base models mean. I assume R1s with dual motors since he said this will happen starting next year for the R1s.

Base model meaning battery pack. Large and Max will remain current chemistry.

 

[hiimisaac]

Not sure why anyone would doubt their interest in the smaller LFP packs. It's only slightly less than the Large, but nearly the same in daily range because you can charge to 100%. 260mi with ability to charge to 100% without concern is a powerful offering.

It’s why I optioned it this morning.

The LPF batteries seem great -especially if they can be DC charged quickly and the country's charging infrastructure improves quickly. I also love the ability to charge to 100% everyday if I want without inducing battery degradation.

they can be used with DCFC! Basing my info off Tesla’s LFP packs, the charge is close but slightly less peak and slightly slower in the first half of the charge. But holds a strong kw deeper into the pack.
Tesla also doesn’t limit regen at 100% for LFP packs. Hopefully Rivian is the same.

 

[Dark-Fx]

So, I don't know who needs to hear this but he said something very important during this fireside chat.

LFP battery packs will begin shipping for consumer vehicles early next year. That's roughly a year ahead of their 2024 timing on the website!

They're also incredibly bullish on LFP. I don't think they have any plans to not continue with the smaller, LFP packs as a lot of people have speculated.

It makes a lot of sense. The packs are significantly less expensive to make and will have a lot of advantages for both Rivian and the customer.

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