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Rivian R1T electric truck ‘way underpriced,’ but room to improve

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© Reuters. FILE PHOTO: Rivian CEO R.J. Scaringe introduces his firm’s R1T all-electric pickup truck at Los Angeles Auto Present in Los Angeles, California, U.S. November 27, 2018. REUTERS/Mike Blake

By Paul Lienert

(Reuters) – The Rivian R1T, one of many first electrical pickup vehicles in the marketplace, is “approach underpriced,” in keeping with a producing skilled recognized for his generally blunt assessments of electrical automobiles from Tesla (NASDAQ:) and others.

The R1T additionally might use some engineering and manufacturing modifications to cut back its manufacturing value, in keeping with Sandy Munro, head of Michigan-based Munro & Associates, which tears down automobiles and advises automakers on learn how to enhance them.

Recognized for his blunt YouTube assessments, Munro, a former Ford manufacturing engineer, says the R1T has “buckets of value discount alternative” – commonplace for a brand-new car from a first-time producer.

However the R1T, which begins at $67,500, “ought to be promoting for $100,000 — it is approach underpriced for what it’s and what it does,” says Munro throughout a walkaround of the dismantled car on the firm’s Auburn Hills headquarters.

That’s excellent news for a corporation that simply went public in November and continues to endure teething pains, from supply snafus to a backlash over poorly timed worth will increase.

Elevating the car’s price ticket might nonetheless be a problem.

Peter Rawlinson, CEO of EV maker Lucid and a former Tesla engineering govt, informed Reuters in March that the R1T most likely must be priced at $95,000 to be worthwhile.

Like its chief competitor, the Ford F-150 Lightning, Rivian’s new pickup contains a body-on-frame design, however the R1T’s mattress and cabin are all one piece, in contrast to the F-150. The Lightning is priced from $40,000 to greater than $100,000.

“It is designed and constructed fairly otherwise from conventional full-size pickups,” says Ben Lindamood, a Munro director. “The construct high quality nonetheless is not nearly as good as automobiles from extra established manufacturers, which isn’t dissimilar from the early Teslas” torn down in Munro’s store.

Munro likes a number of the considerate touches on the R1T, together with a cleverly hinged tailgate, an influence tonneau cowl and a big under-bed storage compartment simply behind the cabin.

Rivian declined to remark.

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