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The Rivian R2, the EV maker’s much-anticipated affordable electric SUV, will be powered by U.S.-made batteries promising to store six times as much energy as those currently used.
South Korea’s LG Energy Solutions announced it will be supplying LG’s 4695 cylindrical batteries to Rivian as part of a five-year agreement.
Within the first year of production, the batteries will be manufactured at LG’s stand-alone plant in Arizona to be delivered to Rivian’s Normal, Illinois plant for use in the R2 model, the company said in a statement. Both LG and Rivian reaffirmed their commitment to the Biden administration’s Inflation Reduction Act (IRA). Under the IRA, EVs whose key components are made in the U.S. are eligible for a $7,500 tax incentive upon purchase or signing of a lease agreement.
The larger size of LG’s 4695 cylindrical battery promises to offer both long range and a high level of safety, while featuring six times the capacity of existing 2170 cylindrical batteries, LG says.
The LG battery also aligns well with Rivian’s plans to reduce its manufacturing costs, hence keeping the R2 on track to be the EV maker’s most affordable mass-market model. Rivian said it expects the battery pack assembly processing to improve by approximately 45% compared to the R1’s platform.
Earlier this year, Rivian made the R2 available for pre-orders with scheduled deliveries due to start in the first half of 2026. With a starting price of $45,000, the R2 is being promoted by Rivian as its first truly accessible EV model, comparable to Tesla’s “Model 3 moment”. Price-wise, however, it’s competing with the likes of the Tesla Model Y and the Hyundai Ioniq 5.
The R2 promises acceleration of 0-60 mph under 3 seconds and an estimated range of over 300 miles. It’s packed with technology allowing for automated driving and also carries uncommon features, such as a rear-window that folds down to provide an “open-air experience”.
Stellantis’ 2027 Dodge Charger Daytona might feature solid-state battery tech
The battle to use cheaper, more efficient, and safer EV batteries is heating up among automakers. At the heart of this battle, the development of solid-state battery technology, an alternative to highly flammable and costly lithium batteries, is garnering more and more attention.For proof, Stellantis, the world’s fourth-largest automaker, is betting on the technology for its next generation of electric vehicles. The Netherlands-based company announced that it will launch a demonstration fleet of Dodge Charger Daytona EVs that will feature solid-state battery tech made by U.S. startup Factorial.The demo fleet, expected to launch by 2026, will provide a real-world assessment of Factorial’s technology. Factorial has been partnering with Stellantis since 2021 and is also partnering with the likes of Daimler AG’s Mercedes-Benz and Hyundai.Besides Dodge, the technology would eventually be deployed on the Stellantis STLA Large multi-energy platform, which includes brands such as Jeep, Chrysler, Alfa Romeo, and Maserati.Stellantis said that the integration of solid-state battery technology will yield “improved performance, longer driving ranges, and faster charging times in the coming years.”Factorial, meanwhile, says its technology provides higher energy density, reduced weight, improved performance, and the potential for further reduction in total vehicle cost over time. Stellantis, Daimler, and Hyundai aren’t the only ones to bet on solid-state battery tech. Toyota, the largest automaker in the world, has heavily invested in the technology. It also created a coalition with Nissan and Panasonic to boost its production in Japan. So far, making solid-state batteries has remained an expensive endeavor. But steps such as the Stellantis demo fleet and production at scale by the likes of Factorial are expected to improve manufacturing processes and costs over time.Other automakers, meanwhile, are working on ways to improve lithium batteries. Volkswagen, for one, is developing its own unified battery cell in several European plants as well as one plant in Ontario, Canada.
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Costco partners with Electric Era to bring back EV charging in the U.S.
Costco, known for its discount gas stations, has left EV drivers in need of juicing up out in the cold for the past 12 years. But that seems about to change now that the big-box retailer is putting its brand name on a DC fast-charging station in Ridgefield, Washington.
After being one of the early pioneers of EV charging in the 1990s, Costco abandoned the offering in 2012 in the U.S.
While opening just one station may seem like a timid move, the speed at which the station was installed -- just seven weeks -- could indicate big plans going forward.
Besides lightening-speed installation, Electric Era, the Seattle-based company making and installing the charging station, promises to offer “hyper-reliable, battery-backed fast charging technology in grid-constrained locations.”
Its stalls can deliver up to 200 kilowatts and come with built-in battery storage, allowing for lower electricity rates and the ability to remain operational even when power grids go down.
If that sounds like it could very well rival Tesla’s SuperCharger network, it’s no coincidence: Quincy Lee, its CEO, is a former SpaceX engineer.
Costco also seems confident enough in the company to have put its brand name on the EV-charging station. Last year, the wholesaler did open a pilot station in Denver, this time partnering with Electrify America, the largest charging network in the U.S. However, Costco did not put its brand name on it.
In an interview with Green Car Reports, Electric Era said it was still in talks with Costco about the opening of new locations. Last year, Costco said it was planning to install fast chargers at 20 locations, without providing further details. It has maintained EV-charging operations in Canada, the UK, Spain, and South Korea.
Meanwhile, the wholesaler’s U.S. EV-charging plans might very well resemble those of rival Walmart, which last year announced it was building its own EV fast-charging network in addition to the arrangements it already had with Electrify America.
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The UK’s Wayve brings its AI automated driving software to U.S. shores
It might seem that the autonomous driving trend is moving at full speed and on its own accord, especially if you live in California.Wayve, a UK startup that has received over $1 billion in funding, is now joining the crowded party by launching on-road testing of its AI learning system on the streets of San Francisco and the Bay Area.The announcement comes just weeks after Tesla unveiled its Robotaxi at the Warner Bros Studios in Burbank, California. It was also in San Francisco that an accident last year forced General Motors’ robotaxi service Cruise to stop its operations. And it’s mostly in California that Waymo, the only functioning robotaxi service in the U.S., first deployed its fleet of self-driving cars. As part of its move, Wayve opened a new office in Silicon Valley to support its U.S. expansion and AI development. Similarly to Tesla’s Full-Self Driving (FSD) software, the company says it’s using AI to provide automakers with a full range of driver assistance and automation features.“We are now testing our AI software in real-world environments across two continents,” said Alex Kendall, Wayve co-founder and CEO.The company has already conducted tests on UK roads since 2018. It received a huge boost earlier this year when it raised over $1 billion in a move led by Softbank and joined by Microsoft and Nvidia. In August, Uber also said it would invest to help the development of Wayve’s technology.Just like Tesla’s FSD, Wayve’s software provides an advanced driver assistance system that still requires driver supervision.Before driverless vehicles can legally hit the road, they must first pass strict safety tests.So far, Waymo’s technology, which relies on pre-mapped roads, sensors, cameras, radar, and lidar (a laser-light radar), is the only of its kind to have received the nod from U.S. regulators.
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