自动驾驶愿景遇现实需求考验 Rivian(RIVN.US)自研芯片与软件未能掀起波澜

Core Viewpoint - Rivian Automotive is being reassessed by Wall Street analysts following its "AI and Autonomous Driving Day," showcasing new self-developed autonomous driving chips and AI technologies, highlighting a significant divide in opinions regarding the company's future prospects [1] Group 1: Technology and Product Development - Rivian plans to equip its upcoming R2 SUV with the Rivian Autonomy Processor 1 (RAP1) chip and a new LiDAR sensor, aiming for full autonomous driving capabilities [1] - The RAP1 chip utilizes advanced chiplet packaging technology with a memory bandwidth of 205GB per second, crucial for in-vehicle AI applications and full autonomy [1] - The next-generation vehicle computer, Autonomy Compute Module 3, will be powered by two RAP1 chips, processing 5 billion pixels per second, which is four times the performance of the current Nvidia system used in Rivian vehicles [2] Group 2: Market Position and Analyst Ratings - Needham reaffirmed a "Buy" rating for Rivian, raising the target price to $23, reflecting confidence in Rivian's unique market positioning and the increasing importance of automotive software systems [2] - Morgan Stanley maintains a cautious stance, rating Rivian as "Underweight" with a target price of $12, citing demand risks that could limit data collection necessary for achieving higher levels of autonomous driving [3] - Wells Fargo holds a neutral "Equal Weight" rating, noting the low margin for error in Rivian's operations and the need for the company to prove its ability to grow its customer base while maintaining low advertising costs [4] Group 3: Financial Performance and Challenges - Rivian's stock has seen a year-to-date increase of over 23%, trading around $16.6, despite a significant drop of over 80% from its IPO peak [4][5] - The company is facing operational challenges, with its Illinois factory expected to produce less than 50,000 vehicles this year, far below its capacity [4] - Rivian is continuously cutting costs and laying off employees due to ongoing financial losses, while Volkswagen has committed nearly $6 billion to a joint venture, leveraging Rivian's expertise in software and automated vehicle manufacturing [5]