Rivian partners with Redwood for battery energy storage system
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy RIVN?
Source: stocktwits
Rivian's stock rose by 3.29% as it reached a 20-day high amid positive market conditions.
Rivian Automotive Inc. has announced a partnership with Redwood Materials to deploy over 100 second-life battery packs at its Normal, Illinois facility. This initiative will initially provide 10 MWh of dispatchable energy, aimed at reducing electricity costs and enhancing grid reliability during peak demand periods. The collaboration highlights Rivian's commitment to innovative energy solutions and addresses the growing need for energy storage in the U.S., projected to require over 600 GWh by 2030.
This partnership not only positions Rivian as a leader in sustainable energy solutions but also enhances its operational efficiency. By integrating Redwood's battery management technology, Rivian can optimize its energy usage, potentially leading to cost savings and improved profitability in the long run.
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Analyst Views on RIVN
Wall Street analysts forecast RIVN stock price to rise
18 Analyst Rating
8 Buy
7 Hold
3 Sell
Moderate Buy
Current: 16.890
Low
10.00
Averages
17.78
High
25.00
Current: 16.890
Low
10.00
Averages
17.78
High
25.00
About RIVN
Rivian Automotive, Inc. is an automotive technology company, which is engaged in developing and manufacturing category-defining electric vehicles (EVs) as well as vertically integrated technologies and services. The Company's R1 platform consists of two vehicles: the R1T, a two-row five-passenger pickup truck, and the R1S, a three-row seven-passenger sport utility vehicle (SUV). In the commercial market, the Company offers a Rivian Commercial Vehicle (RCV) platform. The vehicle on this platform is the Electric Delivery Van (EDV), designed and engineered by Rivian in collaboration with Amazon. The Company also offers FleetOS, its proprietary, end-to-end centralized fleet management subscription platform. It also offers a variety of services, including vehicle repair and maintenance, financing, insurance, joint venture, software subscriptions, and vehicle accessories, among others. Its other services include vehicle electrical architecture and software development services, and more.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Accelerated AI Investment: Rivian's heavy investment in artificial intelligence, particularly the $1.25 billion deal with Uber, indicates progress in autonomous driving technology, which is anticipated to yield long-term revenue growth for the company.
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- New Model Development: Tesla is developing an all-new, smaller, and more affordable electric SUV, which is expected to differ from the existing Model Y and could play a significant role in future autonomous driving strategies.
- Production Location Speculation: Sources indicate that the SUV may be produced in China, leveraging the country's advanced electric vehicle technology, which would provide Tesla with a significant competitive advantage in the market.
- Pricing Strategy: Tesla plans to price the new SUV below its entry-level Model 3, which starts at $34,000 in China, potentially attracting more consumers and expanding its market share.
- Market Competition Pressure: While Tesla focuses on the future of autonomous driving and robotics, it faces increasing pressure from traditional models, particularly from Chinese EV manufacturers, which may accelerate the launch of the new model.
See More
Tesla Plans to Launch All-New Smaller Electric SUV
- New Model Development: Tesla is in discussions with suppliers about an all-new smaller electric SUV, which is expected to bridge the gap between its aging lineup and future driverless technology, with potential production in China to leverage the rapid growth of the local EV market.
- Market Positioning: The new SUV is targeted to be priced significantly lower than Tesla's entry-level Model 3, which starts at $34,000 in China, aiming to attract more consumers and enhance market competitiveness.
- Production Location Impact: If the new model is produced in China, Tesla could better align with advancements in Chinese electric vehicle technology, potentially providing a significant competitive edge in a market where rivals like Rivian and Lucid have yet to enter.
- Strategic Return: The development of this new model may signify Tesla's return to its automotive roots, focusing on traditional vehicle production alongside its ambitions in driverless technology and humanoid robots, helping it navigate increasing market competition.
See More
Rivian Automotive Faces Major Growth Catalysts
- Significant Market Potential: Rivian Automotive's shares have dropped over 15% since the beginning of 2026, but the upcoming R2 SUV, priced under $50,000, is expected to compete with Tesla's Model 3 and Model Y, potentially boosting sales and market share significantly.
- Accelerated AI Investment: Rivian is aggressively investing in artificial intelligence to advance its autonomous driving capabilities, and despite pushing back profitability targets, the $1.25 billion deal with Uber for R2 SUVs is expected to drive sales and enhance company valuation.
- Valuation Discrepancy: With a market cap of $21 billion, Rivian's stock trades at just 3.5 times sales compared to Tesla's 13.5 times, indicating significant undervaluation potential, and as R2 deliveries ramp up, this discount is expected to narrow.
- Competitive Market Landscape: The strong demand for SUVs positions Rivian's R2 SUV to fill the gap in the affordable EV market left by Tesla, and over the next few years, Rivian's production and demand are likely to scale, leading to sustainable growth.
See More
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- Significant Market Potential: Rivian's upcoming R2 SUV, priced under $50,000, is expected to compete with Tesla's Model 3 and Model Y, potentially leading to a substantial increase in sales and driving the company's market valuation higher in the coming years.
- Accelerated AI Investment: Rivian's heavy investment in artificial intelligence, particularly the $1.25 billion deal with Uber, indicates progress in autonomous driving technology, which is anticipated to yield long-term revenue growth for the company.
- Valuation Discrepancy: Despite Rivian's stock currently trading at just 3.5 times sales compared to Tesla's 13.5 times, this significant undervaluation suggests that Rivian's potential value is not fully recognized, with expectations for the gap to narrow as R2 deliveries ramp up.
- Evolving Competitive Landscape: With the imminent delivery of Rivian's R2 SUV, the demand for electric vehicles is set to increase, providing Rivian with an opportunity to establish a strong presence in the competitive SUV market, thereby enhancing brand recognition and market share.
See More
Tesla and Rivian's Trillion-Dollar Potential
- Tesla's Success Story: Tesla (TSLA) has successfully created a $1 trillion market cap, primarily driven by the strong sales of the Model Y, which accounts for a majority of its auto sales, and it aims to further expand its market with the upcoming Cybercab.
- Future Growth Opportunities: Analyst Dan Ives believes that Tesla's robotaxi market opportunity could add another $1 trillion to its market cap, and with the stock down 10% this year, it presents a compelling buying opportunity.
- Rivian's Growth Potential: Rivian (RIVN) is working to replicate Tesla's success; despite its current market cap of only $20 billion, the upcoming R2 SUV could serve as a pivotal growth point, similar to the impact of the Model Y on Tesla.
- Strategic Investment and Partnerships: Uber has committed to invest up to $1.25 billion in Rivian in exchange for the right to purchase 50,000 R2 SUVs, which will enhance Rivian's competitiveness in the robotaxi market and propel its market cap towards $1 trillion.
See More
Tesla and Rivian's Trillion-Dollar Potential
- Tesla's Market Opportunity: Tesla has achieved a $1 trillion market cap, primarily driven by the success of the Model Y, which has been a best-seller globally for several years, boosting Tesla's sales and laying the groundwork for future market expansion.
- Future Growth Drivers: Tesla plans to launch the Cybercab, a vehicle without pedals or a steering wheel, with mass production expected to begin this year; analyst Dan Ives believes this robotaxi market opportunity could add another $1 trillion to Tesla's market cap, showcasing its leadership in the EV sector.
- Rivian's Growth Potential: Rivian currently has a market cap of about $20 billion, and while it has not yet achieved mass production, the upcoming R2 SUV could serve as a turning point for growth, similar to the impact of the Model Y on Tesla, potentially pushing its valuation towards $1 trillion.
- Strategic Investment and Partnerships: Uber has committed to investing up to $1.25 billion in Rivian to purchase R2 SUVs for its robotaxi business, providing Rivian with financial backing and potentially accelerating its competitiveness in the electric vehicle market.
See More
