EV maker Rivian Automotive RIVN is reportedly considering offering its Performance Pack as a software update for all dual-motor R1 models. The upgrade, initially only available as an option for new trucks, significantly enhances the vehicle’s power and speed.
What Happened: The Performance Pack, priced at $5,000, boosts the horsepower of dual-motor Rivian models from 533 to 665, with a remarkable 219 lb-ft torque increase, resulting in a maximum output of 829 lb-ft. This upgrade shaves off 0.8 seconds from the 0 to 60 mph sprint time, bringing it down to 3.5 seconds, and nearly one second from the quarter-mile time.
Although the Performance Pack was initially only available as an option for new trucks, a recent post on the Rivian Forums suggests that this may soon change, reported InsideEVs. A customer service agent reportedly informed a forum member that Rivian is planning to release a software update later this year, making the Performance Pack an upgrade for all dual-motor Rivian trucks.
See Also: What’s Going On With Rivian’s Stock?
Why It Matters: It is unclear how much the upgrade will cost, but it could be expected to be around the same price as the package for new trucks. There may be some limitations, such as the upgrade being available only for trucks manufactured after a certain date, which may feature different hardware that makes the upgrade possible, the report noted.
Rivian's R1 vehicles are currently the only ones in production besides its electric delivery vans. Both vehicles are at a higher price point, starting at over $70,000. The company will start production of its cheaper R2 SUV expected to start at around $45,000 only in the first half of 2026.
Rivian reported first-quarter revenue of $1.20 billion, beating a Street consensus estimate of $1.16 billion and a loss of $1.48 per share, which missed a Street consensus estimate of a loss of $1.25 per share.
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