Connect with us

Hi, what are you looking for?

Financial Source ReportFinancial Source Report

Tech News

The Rivian R2’s next-gen batteries will be made in the US by LG Energy


Rivian’s R2 vehicles will be powered by batteries made domestically in the US by South Korea’s LG Energy Solution, the company announced in its third quarter earnings report.

Rivian first revealed the new batteries back in March when it announced the R2 as its more affordable electric SUV that would start at $45,000. (It also announced the sportier R3 vehicle.) The cell is called “4695” due to its diameter of 46 millimeters and height of 95 millimeters — larger than Tesla’s 4680 cells.

The battery packs that Rivian uses currently in its R1T and R1S vehicles are assembled at its Normal, Ill. factory using cells manufactured in South Korea by Samsung SDI. Now, the cells will be produced in the US to better comply with tax credit…

Continue reading…

You May Also Like

Tech News

Image: World Worldcoin, the cryptocurrency / human identity network / UBI project co-founded by OpenAI CEO Sam Altman, is now known as World. Along...

Editor's Pick

It’s time to put Semiconductors in the spotlight. NVDA is starting to trade at all-time highs again and that is likely to bring the...

Editor's Pick

Clark Neily If you haven’t seen the Netflix blockbuster Rebel Ridge, you should. Billed as a Rambo-meets-Jack-Reacher police procedural whose protagonist is triggered by...

Editor's Pick

Semiconductors sold off on Tuesday, crushing the Technology sector. But the Real Estate sector didn’t suffer a similar fate; in fact, it was the...

Copyright © 2023 FinancialSourceReport.com All Rights Reserved.