Rivian Recalls 666 R1 Vehicles Over Concerns Of Incorrect Weight Capacity Labeling On Tires

EV maker Rivian Automotive RIVN is recalling nearly 700 of its model year 2022 and 2023 R1 vehicles owing to incorrect maximum weight capacity labeling on its tires.

What Happened: The labels on certain model year 2022 and 2023 R1T and R1S vehicles’ tires may have an incorrect maximum vehicle capacity weight value, the company said in a filing with the U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA).

The driver may rely on this incorrect label and overload the vehicle, increasing the risk of a crash, the company said.

As for a solution, Rivian will mail the vehicle owners a corrected overlay tire placard label. The company is not aware of any accidents or injuries owing to the issue in any of its markets, it added.

Why It Matters: Rivian unveiled its second-generation R1 vehicles earlier this month. The new R1S SUV and the R1T pickup have been “completely reengineered through hundreds of hardware improvements, performance upgrades, a fully redesigned software experience, and evolved in-house drive systems,” the company said.

The new R1S and R1T will be produced at the Normal, Illinois factory, and have a starting price of $75,900 and $69,900, respectively.

The company is looking to start production of its cheaper R2, priced at around $45,000 and in the same range as Tesla's best-selling Model Y SUV, in the first half of 2026.

Rivian, which accumulated a loss of nearly $39,000 for every vehicle it delivered in the first quarter, is looking to turn a gross profit this year by primarily cutting costs.

Check out more of Benzinga's Future Of Mobility coverage by following this link.

Read More: Tesla Adds Mercedes-Benz To Supercharger Network Waitlist, Adjusts Timelines For Rival EV Makers

Photo courtesy: Shutterstock

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!