? Rivian IPO S1 Filing - reveals preorder numbers, R1S delivery date, Autonomous Subscription Fee & more...

[Whmorken]

Driver+ on 116 - R1 vehicles have 11 cameras, 12 ultrasonic sensors, five radars, and a high-precision GPS antenna We expect our platform’s architecture will enable us to evolve and expand our Driver+ offerings to support SAE Level 3 autonomy

Correct.

The "Free" version will still use the hardware (Cameras, Radars, Ultrasonic devices, etc...), but the software for the "cool shit" will have a pay wall, that once you sign up/pay for, will flip a bit and enable additional features in your Truck/UI/Phone.

Edit: And Tesla is the exact same. All of the hardware is in the vehicle to do both the basic driver assist, and the "enhanced" version. You pay (either $8-$10k or subscribe for, I think it's $200/month) to unlock the additional features.

They also have subs for connectivity as a separate subscription option (I think it's $10 a month) if you have a newer Tesla. The older one's are grandfathered with this as a freebie (just like the unlimited SuperCharging for free).

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[Autolycus]

A couple of thoughts on the software and L3 fees:

1) 1st year is free, so it's probably $50/month. That's probably an average. They may very well have more than one tier of Membership. Isn't Tesla's connectivity subscription $10/month or $100/year? I would expect something in line with that for the base. Full services like trail-side assistance services and all of those other features they mentioned could possibly run $75-100/month. Or could be a lower per month subscription but have some sort of "per recovery" fee.

2) Preorder holders could be grandfathered out of the $10k/vehicle for Driver+ (++, +Premium, +Adventure, whatever). The language on their website could possibly change in the future and establish a cut-off date for included full features vs. a 2-tier (or more) pricing model. We really can't tell for sure from this filing. They're just declaring that they expect to have that sort of revenue stream at some point in the future.

 

[Urbanstyles]

Automobile Manufacturer Regulation in Canada
Our vehicles intended for sale in the Canadian market are subject to environmental and safety certifications administered by the appropriate Canadian regulatory authorities, including, but not limited

•​

Canada Motor Vehicle Safety Standards (“CMVSS”) administered by Transport Canada. The vast majority of CMVSS are identical or substantially similar to Federal Motor Vehicle Safety Standards (“FMVSS”) in the United States, which Rivian R1T vehicles meet as of September 2021. Certain of the differences between CMVSS and FMVSS that are applicable to our vehicles include telltales, speedometer units of measure, certain labels, immobolizer requirements for anti-theft, and pass-by noise standards. Prior to distributing any of our vehicles in Canada, Rivian will ensure that such vehicles are modified to conform with CMVSS. We expect to complete all CMVSS confirmatory testing and provide an application for certification to Transport Canada by February 2022.​

As a Canadian pre-order holder and not even a LE order holder this down right sucks !
All the Canadian delivery information Rivian has been providing this far has been misleading. I had hoped they would be working on getting Canadian approvals with the US ones.

If they have no plans to obtain Canadian approvals till end of February 2022, then that means they will not start LE deliveries until then and then and then not sure how much longer for every one else.

Not to mention, where are they planning on manufacturing the Canadian vehicles ? Are they also coming from Normal or are they planning on having an manufacturing/assembly plant in BC ?

I am glad my plans for a new vehicle is not till 2022 summer/fall. Will have to wait and see if Rivian will be able to ramp Canadian productions by then.

Just as every Ford F-150 on Canadian roads is built in Michigan, so too will all the R1T’s be built in Normal. No need at all
for Canadian manufacturing . I suspect with fully digital gauges, the only difference between American and Canadian models will be regulatory labeling and a bilingual owners manual.

 

[Autolycus]

Automobile Manufacturer Regulation in Canada
Our vehicles intended for sale in the Canadian market are subject to environmental and safety certifications administered by the appropriate Canadian regulatory authorities, including, but not limited

•​

Canada Motor Vehicle Safety Standards (“CMVSS”) administered by Transport Canada. The vast majority of CMVSS are identical or substantially similar to Federal Motor Vehicle Safety Standards (“FMVSS”) in the United States, which Rivian R1T vehicles meet as of September 2021. Certain of the differences between CMVSS and FMVSS that are applicable to our vehicles include telltales, speedometer units of measure, certain labels, immobolizer requirements for anti-theft, and pass-by noise standards. Prior to distributing any of our vehicles in Canada, Rivian will ensure that such vehicles are modified to conform with CMVSS. We expect to complete all CMVSS confirmatory testing and provide an application for certification to Transport Canada by February 2022.​

As a Canadian pre-order holder and not even a LE order holder this down right sucks !
All the Canadian delivery information Rivian has been providing this far has been misleading. I had hoped they would be working on getting Canadian approvals with the US ones.

If they have no plans to obtain Canadian approvals till end of February 2022, then that means they will not start LE deliveries until then and then and then not sure how much longer for every one else.

Not to mention, where are they planning on manufacturing the Canadian vehicles ? Are they also coming from Normal or are they planning on having an manufacturing/assembly plant in BC ?

I am glad my plans for a new vehicle is not till 2022 summer/fall. Will have to wait and see if Rivian will be able to ramp Canadian productions by then.

Incidentally, we now know at least one of the reasons why LE deliveries will stretch into "Spring 2022".

 

[flabyboy]

they quote of 140 miles/20 minutes reads like an expected value to me. I think you're being very optimistic if you are reading the statement in the filing as saying the initial R1T and R1S is going to be able to get up to 300kW. That's partially informed by general limits of chargers on a 400V system.


There's a middle ground here (which is where I am. Though I am annoyed that Rivian seemingly intentionally mislead people). I think the 140 miles in 20 minutes is... ok. It's not great. It's not garbage poop. A 150 kw peak would be garbage poop. With the size of these vehicles and battery, it'd take about 50 minutes just to charge from 10% to 80% every 300 miles. And that's not accounting for the charging rate dropping below 150kw at 50% for the large pack (I'd guess say 60% for the max pack).

At the end of the day, we'll survive. But having that 800v switch could (in theory) cut that 10 to 80% charging time down by about 20% or more with less heat generated.

Right. I feel like their foresight was lacking here. Huge battery, maybe we should have the fastest available charging system

 

[flabyboy]

It isn’t that simple, 800V charging is going to overload or overheat most current battery pack systems or cause undue wear on them. GM is able to offer this on their Halo Hummer EV because of the sheer size of the battery pack 200KWh+ on the EV3X with WTF upgrade or Edition 1. They only offer it on the higher trims with the largest packs as it can distribute enough power across the pack while charging so as not to overload any one cell or module. All this talk about 350KW+ or 800V+ and charging EVs in 15 minutes or less is really just that, talk. Won’t be a common thing until battery tech improves some more.

All the Hyundai, Kia and Genesis vehicles have it. Not that there is charging stations that support it yet

 

[kanundrum]

they quote of 140 miles/20 minutes reads like an expected value to me. I think you're being very optimistic if you are reading the statement in the filing as saying the initial R1T and R1S is going to be able to get up to 300kW. That's partially informed by general limits of chargers on a 400V system.


There's a middle ground here (which is where I am. Though I am annoyed that Rivian seemingly intentionally mislead people). I think the 140 miles in 20 minutes is... ok. It's not great. It's not garbage poop. A 150 kw peak would be garbage poop. With the size of these vehicles and battery, it'd take about 50 minutes just to charge from 10% to 80% every 300 miles. And that's not accounting for the charging rate dropping below 150kw at 50% for the large pack (I'd guess say 60% for the max pack).

At the end of the day, we'll survive. But having that 800v switch could (in theory) cut that 10 to 80% charging time down by about 20% or more with less heat generated.

Im late on the game with this whole thread but my main disgruntled factor is this, buying a 2022 vehicle with "OLD" tech-ish seems like a let down in the EV space. It would be like we are all using carburetors, a brand new company comes out, you are expecting fuel injection but their carburetor is a bit fancier but its still a carburetor. Im sure ill get over it as that is literally the only drawback and who knows maybe there is some sort of trick up their sleeve but I am doubting it at least initially.

 

[irish26]

Why is so much information left blank? Is that common or will it be filled in later?

 

[SeaGeo]

All the Hyundai, Kia and Genesis vehicles have it. Not that there is charging stations that support it yet

There are plenty that do. Any 350kW charger does. EA has them. EVGO has them. So does chargepoint.

 

[rraj2k81]

Just as every Ford F-150 on Canadian roads is built in Michigan, so too will all the R1T’s be built in Normal. No need at all
for Canadian manufacturing . I suspect with fully digital gauges, the only difference between American and Canadian models will be regulatory labeling and a bilingual owners manual.

That's a good point and did not cross my mind, but Rivian is not Ford when it comes to manufacturing and scalability.

Right now they have a single manufacturing plant that is just getting up and running to churn out US LE R1Ts.

So I don't know how they can use that single plant to also manufacture Canadian versions, which will have different requirements, i.e. DRL. The Canadian requirements could very well be just SW and HW retrofit to the US models. But they are not going figure this out until they start the certification process. So they are not going to have a final design/assembly plan, until February 2022. Unless of course they have already started this.

 

[Revo]

Seriously. Imagine having the opportunity to put $1k or something on Tesla at IPO*

*TESLA DISCLAIMER: THIS IS IN NO WAY SUGGESTING THAT RIVIAN WILL HAVE A SIMILAR MARKET CAP TO TSLA IN 10 YEARS

You also will not be able to buy rivian as cheap as Tesla when they started they are already pricing in at 80 billion dollars for the IPO. Tesla was priced at $226 million. So I believe it can not have a good run up like Teslas but it will have a good run up nonetheless.
Can't wait to get some shares!

 

[rraj2k81]

Incidentally, we now know at least one of the reasons why LE deliveries will stretch into "Spring 2022".

And looks like Canadian orders are not even going to start till Spring of 2022.

 

[flabyboy]

There are plenty that do. Any 350kW charger does. EA has them. EVGO has them. So does chargepoint.

They actually provide that level of power or they advertise it? I will also say in southern MN those don’t even exist. It’s a barren wasteland up here

 

[SeaGeo]

They actually provide that level of power or they advertise it?

I mean, they max out the Taycan right now. I can't think of anything that can accept more than 270kw at the moment. When the Hummer gets out I'm the wild we will see ffaster. I suppose Lucid may hit 300+ peak with their 112kw battery.

In any case. They do provide 800v+ charging.

 

[Aroohoo]

Why is so much information left blank? Is that common or will it be filled in later?

Assuming you are referring to the blanks for # of stocks, percentages, etc. This is common. It will be filled in later as the actual numbers are firmed up. These initial filings are there to help gauge interest so they can, in part, come up with a more realistic valuation and change offer price and number of shares on offer to meet their funding goal.

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