Based on the latest news about Rivian, here are the most significant recent developments:
The Rivian app has just received a major update with version 3 released on April 24, 2025. This update features a completely redesigned interface with a cleaner, more user-friendly layout that makes key features easier to access. The new app architecture is described as “future-ready” and shows Rivian’s commitment to improving the ownership experience beyond just vehicle delivery[4].
On April 23, 2025, investment analysts commented on Rivian’s stock potential, with one top investor recommending to “double down” on Rivian shares. This analyst suggests that Rivian could benefit from the current trade war situation due to its U.S.-based manufacturing and lack of exposure to China[3]. The company is also making progress on improving its gross margins, which is viewed as an important long-term indicator of success[3].
Looking at upcoming developments, Rivian is preparing for production of its R2 model, scheduled to begin in 2026. The R2’s Bill of Materials is approximately 95% complete and is expected to cost about half as much as the current R1 model, which should help improve profit margins[3].
In other recent news, Rivian received $827 million in Illinois state funding to expand its facility in Normal, IL, as announced on April 26, 2024[1]. Additionally, Rivian has recently introduced its second-generation R1S and R1T vehicles[1] and released software update 2025.10 which includes enhancements to the suspension system for a more comfortable ride[4].