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Enduro Motor

All articles tagged with #enduro motor

Rivian Faces Challenges Amid Ambitious EV Plans and Investor Optimism

Originally Published 1 year ago — by TheStreet

Rivian reported a significant Q3 2024 earnings miss, with net losses of $1.1 billion and a 35% revenue drop due to a key component shortage affecting its Enduro motors, caused by a miscommunication with supplier Essex Furukawa. This issue has forced Rivian to lower its annual production guidance and highlights supply chain challenges. Despite these setbacks, Rivian is focusing on its upcoming R2 model and has secured a partnership with LG Energy Solution for advanced batteries, aiming to stabilize its production and financial outlook.

business business business earnings electric-vehicles enduro-motor rivian supply-chain

Rivian Faces Revenue Challenges Amid Supplier Issues and Widening Losses

Originally Published 1 year ago — by TechCrunch

Rivian reported a third-quarter revenue of $874 million, falling short of expectations due to a supply chain issue affecting its Enduro motor, which disrupted production of its R1S and R1T vehicles. The company has revised its annual production guidance and expects a larger adjusted earnings loss. Despite these challenges, Rivian is working to improve efficiency and has announced a battery partnership with LG Energy Solution for its upcoming R2 platform, with production expected to start in 2026.

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