Rivian has begun delivering its new R2 SUVs to customers, marking a key step in its goal to scale mass-market electric vehicles. Priced starting around $58,000, the R2 is a smaller, more affordable model than Rivian's earlier R1, with plans for versions under $50,000 by 2027. The company aims to deliver up to 25,000 units this year and scale production significantly with new factories. The R2 also plays a central role in Rivian's autonomous vehicle ambitions, including a deal with Uber to use up to 40,000 R2s as robotaxis in the future. This launch comes amid a challenging U.S. EV market but offers Rivian a chance to stand out as competitors pull back.
Rivian introduced the R2 SUV, priced significantly lower than its existing models, aiming to boost sales with a base price around $45,000 to $58,000. Despite CEO RJ Scaringe's enthusiasm, investors reacted negatively, causing the stock to fall over 6...
Rivian reported a 20% increase in vehicle deliveries and strong software revenue growth, supported by a Volkswagen partnership and the upcoming R2 model priced around $45,000. Meanwhile, Lucid's luxury EV sales grew but costs remain high, leading to ...
Rivian has officially launched its R2 electric SUV, with deliveries starting Tuesday and an entry-level $45,000 model arriving next summer, moved up from late 2027. The R2 aims to shift Rivian from a niche luxury EV maker to a mainstream competitor a...
