Rivian Autonomous Day & AI announcement today is great news for Scout

[itsrixter]

Today's news from Rivan regarding full autonomous hardware and software seems to be great news for Scout if the partnership indicates the capabilities for Travler and Terra. This includes Lidar, radar, 60mp cameras, in-house hardware production, and the goal for Level 4 autonomy

FYI if you are reading this Dec 11 morning...the presentation is going on live:
https://www.rivianforums.com/forum/...riving-rivian-assistant-more-announced.53633/

 

[itsrixter]

Way better pricing than Tesla

 

[chopsui]

Yeah, question is does the Rivian/VW joint venture include autonomy tech?

I don't know. I would assume Rivian would want to keep that as a competitive advantage. On the other hand, sharing with VW could reduce costs through volume and provide more training data.

 

[itsrixter]

Yeah, question is does the Rivian/VW joint venture include autonomy tech?

I don't know. I would assume Rivian would want to keep that as a competitive advantage. On the other hand, sharing with VW could reduce costs through volume and provide more training data.

The deal included up to $5.8B funding from VW to Rivian. VW gains advanced, production-ready software/architecture, while Rivian gets vital cash flow and scale for its technology (specifically for R2 and building its Georgia plant). Rivian also benefits from VW's supply chain.

https://rivian.com/newsroom/article/rivian-and-volkswagen-group-announce-plans-for-joint-venture

So, for $5B, I say autonomy is likely included in the details. Rivian needed the funding badly!