Rivian is actively developing additional variants of its upcoming R2 electric vehicle (EV), according to CEO RJ Scaringe. The company, known for its high-end R1 SUVs and pickup trucks, plans to start deliveries of the R2 around June.
Key Takeaways
Rivian CEO RJ Scaringe revealed plans for additional variants of the upcoming R2 electric vehicle (EV). Production will begin in June with initial models priced at $58,000 and cheaper versions following. A $45,000 trim is expected by late 2027.
- Rivian CEO hints at more R2 EV variants including a potential R2X model
- Initial production of the mid-size R2 SUV to start in June with prices beginning at $58,000
- A $45,000 trim with over 275 miles range expected by late 2027
- Rivian's new Georgia factory will expand production capabilities for R2 and future models like the smaller R3 crossover
The initial rollout will include a $58,000 model, with cheaper versions following later this year and in 2027. A highly anticipated $45,000 trim with over 275 miles of range is expected by late 2027, which could significantly broaden Rivian's customer base.
Scaringe mentioned the possibility of an R2X model and other combinations, though he was cautious not to announce specific programs. The company's new factory in Georgia, funded partly by a $4.5 billion loan from the Department of Energy, will expand production capabilities for the R2 and future models like the smaller R3 crossover.
Rivian's forecast includes a 53% jump in deliveries this year, driven by the rollout of R2 vehicles. Analysts suggest that the R2 could materially boost sales and capture additional EV market share due to its lower price point and autonomy features. The vehicle is also central to Uber's $1.25 billion robotaxi deal with Rivian, which will start deploying 10,000 fully autonomous R2 vehicles from 2028.
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