Rivian Automotive RIVN introduced on Tuesday that it has launched a brand new navigation system powered by Alphabet GOOGL Google Maps.
The Tesla TSLA rival partnered with Google to introduce Rivian Navigation with Google Maps, which makes use of the Google Maps Auto SDK.
This device permits Rivian to design a customized in-car navigation expertise whereas leveraging Google’s superior routing, site visitors information, satellite tv for pc imagery, and placement particulars.
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Rivian drivers will proceed to get pleasure from distinctive options similar to EV charging cease planning and Charging Scores, now enhanced by Google Maps’ dependable information. The rollout of the brand new navigation system begins on Tuesday for all Rivian homeowners.
Google additionally plans to collaborate with different automakers to assist them construct customized navigation techniques utilizing the Auto SDK.
In associated information, Rivian is reportedly enhancing its EV charging expertise via a brand new car and cell app software program replace.
The revamped Vitality app now features a “Charging” tab to point out power consumption and a brand new “Vitality Monitor” to trace power output from local weather management, retailers, and drive techniques.
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A “Journey Goal” characteristic presents real-time charging suggestions throughout navigation, whereas a brand new device lets customers precondition the battery on demand for faster DC charging.
Chief Software program Officer Wassym Bensaid mentioned Rivian will roll out a “Good Charging” characteristic in July, permitting scheduled residence charging. Moreover, in 2025, the corporate plans to introduce bidirectional charging so automobiles can energy exterior units.
The corporate stays dedicated to the $45,000 beginning worth for its upcoming R2 electrical car, at the same time as commerce tensions and tariffs develop. It expects tariffs so as to add about $2,000 per unit in 2025.
On Could 22, on CNBC’s “Mad Cash Lightning Spherical,” Jim Cramer mentioned Rivian outperformed Lucid Group LCID.
Rivian inventory is down near 4% year-to-date, lagging the NASDAQ Composite Index’s 8% returns.
Worth Motion: Rivian inventory is buying and selling increased by 0.82% to $12.84 eventually test Tuesday.
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