Rivian’s roadmap to profitability involves streamlining and slashing costs for EVs

Rivian has never turned a quarterly net profit since it was founded in 2009 and lost $1.5 billion in the first quarter.

Electric-vehicle maker Rivian‘s drive to cut costs and turn its first profit has removed over 100 steps from the battery-making process, 52 pieces of equipment from the body shop and over 500 parts from the design of its flagship SUVs and pickups.