Reported 8 months ago
Electric-vehicle manufacturer Rivian has simplified its manufacturing process by reducing steps in battery-making, equipment in the body shop, and parts in the design of its vehicles, resulting in significant cost reductions. With a focus on improving efficiency, Rivian has seen a 35% decrease in material costs for its vans, aiming to achieve profitability this year despite previous losses. The company's changes include redesigned modules and architecture to enhance manufacturing efficiency and reduce labor time.
Source: YAHOO