Rivian bets on the R2 with a $58K Launch Edition and 330-mile range

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Source: CNBC
TL;DR Summary

Rivian will begin selling its smaller R2 EV this spring with a $58,000 Launch Edition that offers a 330‑mile range, 656 horsepower and lifetime access to Autonomy+; cheaper variants roll out through 2027, including an entry model around $45,000. The move is designed to drive profitability amid slower EV demand and policy changes, with production anchored in Illinois and a new Georgia plant planned to support up to 400,000 vehicles annually, and a pricing ladder that starts at about $57,990 for Performance, $53,990 for Premium, and $48,490 for the 2027 Standard before a late‑2027 version around $45,000 with 275+ miles of range.

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