"Rivian Unveils Next-Generation Electric SUVs and Crossovers, Stock Rises"
TL;DR Summary
Rivian's shares surged 10% as the company unveiled three new electric vehicles and announced over $2 billion in cost savings by pausing construction on a Georgia plant. The new models include the R2 SUV, R3, and R3X, with the R2 expected to start at $45,000 in 2026. The company aims to expand its customer base amid slower EV sales in the U.S. and has shifted production of the R2 to its Illinois plant, saving $2.25 billion.
- Rivian electric R2 SUV and R3 crossovers unveiled CNBC
- Rivian surprises with R3 and R3X crossover electric SUVs The Verge
- Rivian R2 launch: Here are the details behind the next-generation EV MarketWatch
- Rivian stock rises as Jefferies initiates coverage Yahoo Finance
- 2026 Rivian R2 revealed with $45000 price, over 300 miles of range, 0-60 in 3 seconds Autoblog
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