Rivian made Bensaid available to discuss the incident and the OTA fix, which will be going out to customers as early as 9:30 a.m. PT (12:30 p.m. ET).
I think, as a Rivian owner, I’m glad it is going to be able to be fixed via an OTA, but I’m more concerned that this could even actually happen. And it CANNOT happen again.
I asked Bensaid what went wrong, and my understanding is that the software was tested on at least two “developer-build” Rivians that were not affected by the bad certificate before it went out. Of course, the correct version had been tested for over a month on a fleet of at least 1000 test vehicles. But that prerelease subgroup seems like way too few and limited a subset of vehicles to push a live OTA OS update on.
Since the past month, what happened in the final push is the wrong link was selected, unfortunately, with the wrong certificate. So this is what caused the issue. Initially, when we got the reports, there was so we started getting reports around like 5:30pm. Pacific, the reports were a bit confusing in the sense that some people reported bricked cars, others that the cluster and then the camera are still working. So as we were scrambling to get the reports, we wanted to be super conservative, and there was multiple solution paths for us. If cars were truly broken, that would have been a service visit. If parts of the car were still alive, that would have mean, meant probably a way to get them fixed through our mobile service vehicles. And then basically, the team used this opportunity to really zoom out and they came up with a super creative solution, which basically allows us now to fully fix the issue through an over the air update. So we will be sending out a new OTA today, which addresses the issue entirely. So it repairs basically the corrupted image.
Wassym Bensaid
Bensaid noted that Rivian is reevaluating its whole process so that human error can’t ever do something like this again. That means having normal consumer vehicles get the OTA update and tested before sending the update out to more vehicles.
We did not want to go into that line of communication initially, because whether it’s 3% 10% 1% 0.5%, it’s still super important for us. Every user, every customer matters. And Job number one says the last 36 hours was how can we as a team, find the best possible fix for our customers, and then the ranking, the best possible is a remote solution. The worst possible is basically they have to go to service or or they need to tow the vehicle and then the team basically spend a lot a lot of effort. And we managed to come up with really a great solution that helps us to address it remotely. It’s also because we have in place an architecture that has a lot of redundancies and that really allows us to do this kind of operations and actually shows up like once we started understanding what was happening in the field. The vehicle was still operational, the app was still operational on the critical parts of the system was still operational. So the the safety based In redundant based design that we have in place has actually protected us. And then we have used that as a way to basically inject in this case, the recovery solution through a remote fix by leveraging on these safety systems, which is what we will be deploying today.
Wassym Bensaid
The build that was supposed to go out was tested for months on regular vehicles, but a single human copy-paste error sent the wrong build out. That process is also being overhauled so that multiple checks of the build go out before it is released to the wider customer group.
Owners who are affected (again, around 3% of the fleet, according to Rivian) should see an update on their phone app and should initiate the process from there. For those few who don’t use an app with their Rivian, they must call the Rivian service line to initiate the update from there.
Electrek’s Take
All of the above is what I want to hear as a Rivian owner, but as a reporter, I would have also liked the communication from Rivian to be more official. The original Reddit post was timely and better than nothing, but it was also a process to verify the user was really Bensaid. It was over 10 hours before the PR team was even able to acknowledge there was a problem, and only after we had shown them the Reddit post.
I think the whole Rivian team can do better here, and from the vibe I’m getting, they do too.
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EV charging veteran ChargePoint has unveiled its new charger product architecture, which is described as a “generational leap in AC Level 2 charging.” The new ChargePoint technology designed for consumers in North America and Europe will enable vehicle-to-everything (V2X) capabilities and the ability to charge your EV in as quickly as four hours.
ChargePoint is not only a seasoned contributor to EV infrastructure but has established itself as an innovative leader in the growing segment. In recent years, it has expanded and implemented new technologies to help simplify the overall process for its customers. In 2024, the network reached one million global charging ports and has added exciting features to support those stations.
Last summer, the network introduced a new “Omni Port,” combining multiple charging plugs into one port. It ensures EV drivers of nearly any make and model can charge at any ChargePoint space. The company also began implementing AI to bolster dependability within its charging network by identifying issues more quickly, improving uptime, and thus delivering better charging network reliability.
As we’ve pointed out, ChargePoint continues to utilize its resources to develop and implement innovative solutions to genuine problems many EV drivers face regularly, such as vandalism and theft. We’ve also seen ChargePoint implement new charger technology to make the process more affordable for fleets.
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Today, ChargePoint has introduced a new charger architecture that promises to bring advanced features and higher charging rates to all its customers across residential, commercial, and fleet applications.
Source: ChargePoint
ChargePoint unveils maximum speed V2X charger tech
This morning, ChargePoint unveiled its next generation of EV charger architecture, complete with bidirectional capabilities and speeds up to double those of most current AC Level 2 chargers.
As mentioned above, this new architecture will serve as the backbone of new ChargePoint chargers across all segments, including residential, commercial, and fleet customers. Hossein Kazemi, chief technical officer of hardware at ChargePoint, elaborated:
ChargePoint’s next generation of EV chargers will be revolutionary, not evolutionary. The architecture underpinning them enables highly anticipated technologies which will deliver a significantly better experience for station owners and the EV drivers who charge with them.
The new ChargePoint chargers will feature V2X capabilities, enabling residential and commercial customers to use EVs to power homes and buildings with the opportunity to send excess energy back to the local grid. Dynamic load balancing can automatically boost charging speeds when power is not required at other parts of the connected building structure, enabling efficiency and faster recharge rates.
ChargePoint shared that its new charger architecture can achieve the fastest possible speed for AC current (80 amps/19.2 kW), charging the average EV from 0 to 100% in just four hours. That’s nearly double the current AC Level 2 standard (no pun intended).
Other features include smart home capabilities where residential or commercial owners can implement the charger within a more extensive energy storage system, including solar panels, power banks, and smart energy management systems. The new architecture also enables series-wiring capabilities, meaning fleet depots, multi-unit dwellings, or even residential homes with multiple EVs can maximize charging rates without upgrading their wiring configuration or energy service plan.
These new chargers will also feature ChargePoint’s Omni Port technology, enabling a wider range of compatibility across all EV makes and models. According to ChargePoint, this new architecture complies with MID and Eichrecht regulations in Europe and ENERGY STAR in the US.
The first charger models on the platform are expected to hit Europe this summer followed by North America by the end of 2025.
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Crashing oil prices triggered by waning demand, global trade war fears and growing crude supply could more than double Saudi Arabia’s budget deficit, a Goldman Sachs economist warned.
The bank’s outlook spotlighted the pressure on the kingdom to make changes to its mammoth spending plans and fiscal measures.
“The deficits on the fiscal side that we’re likely to see in the GCC [Gulf Cooperation Council] countries, especially big countries like Saudi Arabia, are going to be pretty significant,” Farouk Soussa, Middle East and North Africa economist at Goldman Sachs, told CNBC’s Access Middle East on Wednesday.
Spending by the kingdom has ballooned due to Vision 2030, a sweeping campaign to transform the Saudi economy and diversify its revenue streams away from hydrocarbons. A centerpiece of the project is Neom, an as-yet sparsely populated mega-region in the desert roughly the size of Massachusetts.
Plans for Neom include hyper-futuristic developments that altogether have been estimated to cost as much as $1.5 trillion. The kingdom is also hosting the 2034 World Cup and the 2030 World Expo, both infamously costly endeavors.
Digital render of NEOM’s The Line project in Saudi Arabia
The Line, NEOM
Saudi Arabia needs oil at more than $90 a barrel to balance its budget, the International Monetary Fund estimates. Goldman Sachs this week lowered its year-end 2025 oil price forecast to $62 a barrel for Brent crude, down from a previous forecast of $69 — a figure that the bank’s economists say could more than double Saudi Arabia’s 2024 budget deficit of $30.8 billion.
“In Saudi Arabia, we estimate that we’re probably going to see the deficit go up from around $30 to $35 billion to around $70 to $75 billion, if oil prices stayed around $62 this year,” Soussa said.
“That means more borrowing, probably means more cutbacks on expenditure, it probably means more selling of assets, all of the above, and this is going to have an impact both on domestic financial conditions and potentially even international.”
Financing that level of deficit in international markets “is going to be challenging” given the shakiness of international markets right now, he added, and likely means Riyadh will need to look at other options to bridge their funding gap.
The kingdom still has significant headroom to borrow; their debt-to-GDP ratio as of December 2024 is just under 30%. In comparison, the U.S. and France’s debt-to-GDP ratios of 124% and 110.6%, respectively. But $75 billion in debt issuance would be difficult for the market to absorb, Soussa noted.
“That debt to GDP ratio, while comforting, doesn’t mean that the Saudis can issue as much debt as they like … they do have to look at other remedies,” he said, adding that those remedies include cutting back on capital expenditure, raising taxes, or selling more of their domestic assets — like state-owned companies Saudi Aramco and Sabic. Several Neom projects may end up on the chopping block, regional economists predict.
Saudi Arabia has an A/A-1 credit rating with a positive outlook from S&P Global Ratings and an A+ rating with a stable outlook from Fitch. That combined with high foreign currency reserves — $410.2 billion as of January, according to CEIC data — puts the kingdom in a comfortable place to manage a deficit.
The kingdom has also rolled out a series of reforms to boost and de-risk foreign investment and diversify revenue streams, which S&P Global said in September “will continue to improve Saudi Arabia’s economic resilience and wealth.”
“So the Saudis have lots of options, the mix of all of these is very difficult to pre-judge, but certainly we’re not looking at some sort of crisis,” Soussa said. “It’s just a question of which options they go for in order to deal with the challenges that they’re facing.”
Global benchmark Brent crude was trading at $63.58 per barrel on Thursday at 9:30 a.m. in London, down roughly 14% year-to-date.
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