Rivian’s chief financial officer Claire McDonough shared some very interesting tidbit and excellent insight to the American automaker’s end of year goals and where it is headed in 2024. One juicy piece of information she gave the public during a recent interview is that Rivian is developing a new simplified battery pack structure different from the Standard pack, that will eventually make its way into new R1 EVs. Here’s the latest.
Rivian ($RIVN) is one of the fortunate EV automakers gaining momentum entering Q4, following a year that was still feeling repercussions of supply chain delays and less demand for all electric vehicles… or more demand… it depends who you ask.
The automaker’s Q3 report offered better-than-expected production numbers, alongside continued interest from US consumers. As a result, Rivian has been able to maintain is price points while taking in sales to help continue to ramp up production of EDVs and R1 EVs at its plant in Normal, IL.
Rivian is currently contribution margin positive on both its EDVs and R1 vehicles and its CFO expects the automaker to become gross margin positive in 2024. This insight, as well as countless other interesting updates, came from Rivian CFO Claire McDonough during a recent interview with Dan Levy during Barclays’ 2023 Global Automotive & Mobility Tech Conference.
An entirely empty wing at Rivian’s Normal plant, could it be the home to its new battery pack assembly? Credit: Scooter Doll
Rivian developing a new battery simpler than its Standard
We implore you to watch the full 40-minute interview with Rivian’s CFO, but will share some of the key items mentioned because we know you’re busy hitting the couch at 4:30PM because the sun is already down.
McDonough spoke to how Rivian got to where it is today, especially after starting the year on shaky ground, halting its assembly lines to regroup and optimize. Those lines appear to be humming now, as Rivian has hits its stride in production of both its commercial and passenger EVs, introducing new technologies like its new Enduro drive unit – designed and engineered in house specifically for its dual-motor vehicles.
The CFO also mentioned current and upcoming technologies that will help lower production costs and help reach gross margin profitability. For example, Rivian’s Standard battery pack is expected to begin deliveries to customers in 2024. Per the interview:
We’re introducing our Standard battery pack in R1 and that allows us to open up a larger addressable market of consumers for R1 vehicles, given that it’s at a starting selling price in the low $70,000 area. So that’s another important new technology we’ll be introducing into R1 that’s not available today.
This is where it gets good (the 14-minute mark for those watching at home). McDonough continues on, mentioning a new battery in the works that doesn’t appear to have been spoken of publicly in the past. Here’s what she said:
And then we’re introducing a new battery as well, for the R1 vehicles. That very heavily simplifies the battery pack and module structure that we will be building and takes thousands of dollars of costs out, additional mass out, is much easier to manufacturer and build as well, within the vehicles. So that’s another example of some of the new technologies that will be coming into place next year that is a key enabler for the operational efficiency, including cost efficiency, that will get unlocked with these introductions.
What do you think? Sounds pretty promising. With Rivian R1 EVs with the Standard battery pack starting in the low $70k range and a “simplified” pack lowering costs further, could we see a shiny new R1S or R1T in the $60,000s? Combine that with federal tax credits and look out, Rivian could have a best seller on its hands.
When asked about a cadence in 2024, McDonough relayed that Rivian’s assembly lines will go dark for “several weeks” in Q2 to prepare. The CFO says EDV production should ramp back up fairly quickly, but R1 assembly lines will take more time because the number of available options the automaker intends to provide its customers is significantly increasing. Per McDonough:
We’re taking a very methodical approach as to how we’re reintroducing each of the respective variants of R1. I spoke a little bit about the fact that it’s not just one battery pack or one drive unit. We’re introducing three battery packs, two different drive units, a brand new network architecture. So there’s a phase approach and ramp associated with each of those respective variants that will impact not only Q2 volumes, but also Q3 volumes, as each of those new variants are feathered into our production process as a whole.
Simultaneously, Rivian’s CFO says the company will be ramping up new supply chains to support these new introductions within the plant. It’s interesting that McDonough mentions Rivian’s new simplified battery pack, then seconds later, says the automaker is introducing three packs on its assembly lines.
Standard Pack, Large Pack, Max Pack – that’s already three by our count? Where does this new Rivian battery pack fit in and is it replacing one of the other options? Time will tell, but we are certainly going to learn more in Q1 2024 before Rivian shuts down its assembly lines to prepare for these new tech integrations. Stay tuned!
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GM may have decided to pull the plug on the forward-looking Chevy Brightdrop electric van a few months ago, but don’t let that stop you, but don’t let that fool you. Right now might be the best time ever to get your hands on one.
Despite that, I’ve heard more than one fleet manager express hesitation at the thought of adding a discontinued product to their fleet, even if it is a killer discount. To them, I offer the following, model-agnostic rebuttal:
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Legacy brands support their products
Fleet of FedEx BrightDrop 600 electric vans; via GM.
Companies like GM aren’t going anywhere soon, and neither are the customers they’ve spent millions of dollars acquiring over the past several decades. They’ll keep building parts and offering service and maintenance on vehicles like the Brightdrop for at least a decade — not least of which because they have to!
GM sells each Brightdrop with a minimum 8 year/100,000 mile warranty on the battery and other key components, which can be extended either through GM itself or through reputable third-party companies like Xcelerate Auto for seven more.
So, yes: parts longevity and manufacturer support will be there (something I’d be less confident about with a startup like Rivian or Bollinger, for example), but there’s more.
Section 179 and local incentives
McKinstry’s 100th Silverado EV; via GM.
The One Big, Beautiful Bill Act (OBBBA) of 2025 gutted America’s energy independence goals and ensuring its auto industry would fall even further behind the Chinese in the EV race, but the loss of Section 45W wasn’t the only change written into the IRS’ rulebook. Section 179, an immediate expense reduction that business owners can take on depreciable equipment assets, has been made significantly more powerful for 2025.
The section 179 expense deduction is limited to such items as cars, office equipment, business machinery, and computers. This speedy deduction can provide substantial tax relief for business owners who are purchasing startup equipment.
The revised Section 179 tax credit (or, more accurately, expense reduction) allows for a 100% deduction for equipment purchases has doubled to $2.5 million, with a phase-out kicking in at $4 million of capital investments that drops to zero at $6.5 million. That credit and can be applied to new and used vehicles, as well as charging infrastructure, battery energy storage systems, specialized tools, and more (as long as they’re new to you).
All of which is to say: don’t let a little thing like GM discontinuing the Brightdrop convince you to skip it. If you do that, the bean counters that killed off the Buick Grand National, GMC Syclone, and Pontiac Fiero win.
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US Energy Information Administration (EIA) data released on November 25 and reviewed by the SUN DAY Campaign reveal that, during the first nine months of 2025 and for the past year, solar and battery storage have dominated growth among competing energy sources, while fossil fuels and nuclear power have stagnated.
Solar set new records in September
EIA’s latest “Electric Power Monthly” report (with data through September 30, 2025), once again confirms that solar is the fastest-growing source of electricity in the US.
In September alone, electrical generation by utility-scale solar (>1 megawatt (MW)) ballooned by well over 36.1% compared to September 2024, while “estimated” small-scale (e.g., rooftop) solar PV increased by 12.7%. Combined, they grew by 29.9% and provided 9.7% of US electrical output during the month, up from 7.6% a year ago.
Moreover, generation from utility-scale solar thermal and photovoltaic systems expanded by 35.8%, while that from small-scale systems rose by 11.2% during the first nine months of 2025 compared to the same period in 2024. The combination of utility-scale and small-scale solar increased by 29.0% and produced a bit over 9.0% (utility-scale: 6.85%; small-scale: 2.16%) of total US electrical generation for January-September, up from 7.2% a year earlier.
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And for the third consecutive month, utility-scale solar generated more electricity than US wind farms: by 4% in July, 15% in August, and 9% in September. Including small-scale systems, solar has outproduced wind for five consecutive months and by over 40% in September.
Wind leads among renewables
Wind turbines across the US produced 9.8% of US electricity in the first nine months of 2025 – an increase of 1.3% compared to the same period a year earlier and 79% more than that produced by US hydropower plants.
During the first nine months of 2025, electrical generation from wind plus utility-scale and small-scale solar provided 18.8% of the US total, up from 17.1% during the first three quarters of 2024.
Wind and solar combined provided 15.1% more electricity than did coal during the first nine months of this year, and 9.8% more than the US’s nuclear power plants. In fact, as solar and wind expanded, nuclear-generated electricity dropped by 0.1%.
Renewables are now only second to natural gas
The mix of all renewables (wind, solar, hydropower, biomass, and geothermal) produced 8.7% more electricity in January-September than they did a year ago, providing 25.6% of total US electricity production compared to 24.2% 12 months earlier.
Renewables’ share of electrical generation is now second to only that of natural gas, which saw a 3.8% drop in electrical output during the first nine months of 2025.
Solar + storage have dominated 2025
Between October 1, 2024, and September 30, 2025, utility-scale solar capacity grew by 31,619.5 MW, while an additional 5,923.5 MW was provided by small-scale solar. EIA foresees continued strong solar growth, with an additional 35,210.9 MW of utility–scale solar capacity being added in the next 12 months.
Strong growth was also experienced by battery storage, which grew by 59.4% during the past year, adding 13,808.9 MW of new capacity. EIA also notes that planned battery capacity additions over the next year total 22,052.9 MW.
Wind also made a strong showing during the past 12 months, adding 4,843.2 MW, while planned capacity additions over the next year total 9,630.0 MW (onshore) plus 800.0 MW (offshore).
On the other hand, natural gas capacity increased by only 3,417.1 MW and nuclear power added 46.0 MW. Meanwhile, coal capacity plummeted by 3,926.1 MW and petroleum-based capacity fell by an additional 606.6 MW.
Thus, during the past year, renewable energy capacity, including battery storage, small-scale solar, hydropower, geothermal, and biomass, ballooned by 56,019.7 MW while that of all fossil fuels and nuclear power combined actually declined by 1,095.2 MW.
The EIA expects this trend to continue and accelerate over the next 12 months. Utility-scale renewables plus battery storage are projected to increase by 67,806.1 MW (a forecast for small-scale solar is not provided). Meanwhile, natural gas capacity is expected to increase by only 3,835.8 MW, while coal capacity is projected to decrease by 5,857.0 MW, and oil capacity is anticipated to decrease by 5.8 MW. EIA does not project any new growth for nuclear power in the coming year.
SUN DAY Campaign’s executive director Ken Bossong said:
The Trump Administration’s efforts to jump-start nuclear power and fossil fuels are not succeeding. Capacity additions from solar, wind, and battery storage continue to dramatically outpace those from gas, coal, and nuclear, and by growing margins.
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The bZ3X is off to a strong start as Toyota’s most affordable electric SUV, starting at around $15,000 in China.
The bZ3X is a $15,000 Toyota electric SUV in China
Toyota’s joint venture, GAC Toyota, launched the bZ3X in China this March, an affordable, compact electric SUV aimed at young families.
The bZ3X is Toyota’s “first 100,000 yuan-level pure electric SUV,” starting at just 109,800 yuan, or roughly $15,000.
By May, the electric SUV was the best-selling foreign-owned EV in China, beating out the Volkswagen ID.3, Nissan N7, BMW i3, and Volkswagen ID.4 CROZZ.
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According to the latest update, the bZ3X remains a hot seller. GAC Toyota announced that bZ3X sales exceeded 10,000 units for two consecutive months, with 10,010 units sold in November. Cumulative deliveries have now surpassed 62,000 units.
GAC Toyota recently put the electric SUV through rigorous testing on a winter road trip across China, “showcasing its impressive capabilities as a 100,000-yuan-class pure electric vehicle.”
Measuring 4,645 mm in length, 1,885 mm in width, and 1,625 mm in height, the bZ3X is about the same size as BYD’s popular Yuan Plus (sold as the Atto 3 overseas).
Inside, the electric SUV is a major upgrade over the Toyota vehicles we’re accustomed to, with advanced ADAS features, smart storage, and large digital screens.
The bZ3X is available in seven different trims in China, two of which include a LiDAR. Upgrading to the LiDAR version costs 149,800 yuan ($20,500).
Toyota’s electric SUV is available with 50.04 kWh and 67.92 kWh battery pack options, providing a CLTC range of 430 km (267 miles) and 610 km (379 miles), respectively.
Less than two weeks ago, GAC Toyota launched pre-sales for the bZ7, a new flagship electric sedan. According to Toyota, the new flagship EV “possesses a higher level of intelligence than any of Toyota’s offerings in global markets,” as the automaker fights to regain market share in China’s fierce auto market.
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