Rivian Unveils Surprising New EV Models and Cost Savings
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.
