The CEO of Rivian, a new US electric vehicle (EV) manufacturer, publicly stated for the first time that the company has invested nearly $25 billion over the past eight years, making it the most capital-intensive among new US EV makers. Since its establishment in 2009, Rivian successfully went public in 2021, but its current market value has dropped by 92% from its peak, and sales of its core products lag far behind Tesla. The $25 billion has been primarily invested in four key areas: factory construction, capacity expansion, R&D, supply chain and production, as well as operations and marketing. In response to investors' concerns about negative cash flow, CEO Scaringe stated that large upfront investments are common in the industry, with the company aiming to achieve quarterly profitability by 2027 and full-year profitability by 2028. As the R2 series enters mass production, costs will decrease. The company will also renegotiate contracts with suppliers, expecting to reduce per-unit costs by 30% by the end of 2026. Additionally, the company plans to lay off 10% of its workforce and suspend non-core projects.