From Nasdaq: 2025-06-04 11:04:00

Rivian Automotive, Inc. is introducing a new software update for R1S and R1T models, allowing manual battery preconditioning for DC fast charging. This update enhances user control and efficiency, notifying drivers when the battery is ready for charging. The update also improves charging speeds for certain versions of the vehicles.

In addition to the battery update, Rivian’s software version 2025.18 includes a revamped Energy App with detailed energy consumption insights and smart charging reminders. These features aim to optimize charging efficiency and reduce the need for frequent charging stops during long trips. Rivian continues to refine its EV user experience to enhance customer satisfaction.

Tesla’s Supercharger network expanded significantly last year, with over 10,000 new stalls added globally. Volkswagen Group is also rapidly expanding its EV charging infrastructure through subsidiaries like Electrify America and partnerships with companies like XPeng in China. These developments highlight the growing importance of efficient charging solutions in the EV market.

Rivian’s stock performance has been strong this year, outperforming the Automotive-Domestic industry. The company appears undervalued based on its price/sales ratio, trading at a lower multiple than its industry peers. Analysts have revised upward the EPS estimates for 2025 and 2026, reflecting positive growth prospects for Rivian in the coming years.

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Read more at Nasdaq: Will Rivian’s Charging Update Help It Catch Up With Rivals?