Rivian Unveils Surprising New EV Models and Cost Savings
TL;DR Summary
Rivian surprised everyone by announcing the R3, an all-electric hatchback with design similarities to the Honda E and boxier Volkswagen Golfs, representing a new market for the company in smaller EVs dominated by Tesla. Details on availability and cost are scarce, but it will have a slightly shorter wheelbase than the R2, a sporty R3X variant, and be built on the R2’s platform. The R3 is seen as a near-term fix for the company's production challenges, and its surprise reveal caused Rivian's stock price to soar.
- Rivian surprise announces the R3 hatchback, and it’s cute as hell TechCrunch
- Rivian surprises with R3 and R3X electric SUVs The Verge
- Rivian shares surge as company reveals new EV models, $2.25 billion in cost savings CNBC
- Rivian Unveils Lower-Priced Electric Vehicle as It Seeks to Jumpstart Sales The Wall Street Journal
- Rivian surprises us with R3 – smaller, more affordable than the R2 Electrek
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