All articles tagged with #r2
Rivian plans to lay off about 4-4.5% of its workforce, roughly 600 employees, as it prepares for the launch of its new R2 model in 2026 and aims to streamline operations and cut costs ahead of the product release.
Rivian CEO RJ Scaringe discusses the company's focus on broadening its vehicle lineup beyond trucks, the upcoming R2 model at a starting price of $45,000, and their conviction in skipping CarPlay in favor of a seamless, integrated digital experience. He emphasizes Rivian's software and hardware innovations, their strategic sourcing and manufacturing in the US, and their advancements in autonomous driving technology, including AI-driven self-driving features expected by 2027. Despite industry challenges like tariffs and supply chain issues, Rivian remains confident in its growth and brand appeal.
Rivian showcased its new R2 electric SUV in Austin, Texas, impressing onlookers with its exterior color variations and luxurious interior. Despite not being allowed to touch or drive the vehicle, observers were drawn to its haptic scroll wheels and sleek design. The R2's size and features, including two glove boxes and additional storage space, received positive feedback, leading to increased confidence in the decision to reserve the vehicle. Electrek's review emphasized the car's beauty and expressed a preference for it over the Model Y, with the hope that the final product matches the impressive in-person experience.
Rivian's newly-unveiled R2 will feature a heat pump to improve efficiency in cold weather, a significant advantage for Northern North America and European markets. This technology, more efficient than resistive heating, will reduce energy consumption and increase winter range. The move signals Rivian's entry into the European market and reflects a shift towards more EU-focused design. The addition of a heat pump raises questions about potential future integration into Rivian's current vehicles, the R1T and R1S.
Rivian unveiled its latest electric SUV, the R2, which will be priced at around $45,000 and offer about 300 miles of range. To achieve this more affordable price point, the company made strategic design and engineering decisions, such as simplifying the suspension system, modifying the rear windows, replacing the split tailgate with a rear tray table, and omitting certain features like the built-in Bluetooth speaker. Despite these changes, the R2 maintains Rivian's signature design elements and is expected to hit the market in the first half of 2026.
Rivian is set to earn additional incentives for bringing R2 production to Illinois, with plans to expand its Normal EV plant. The company unveiled its compact, more affordable R2 electric SUV and plans to kick off production in Illinois, saving $2.25 billion while speeding up the launch. The State of Illinois is working on additional incentives for the expansion, and Rivian's stock has seen a 20% increase since the R2 unveiling. The move to begin production in Illinois is expected to save capital and ensure funding through the start of R2 production, following in Tesla's footsteps to get EVs out quicker while saving money.
Videos of Rivian's R2 and surprise R3 driving on public roads have emerged, offering a better visual size comparison and a look at the cars in motion. The R2 is close in size to the Model Y, while the R3 appears smaller and more compact, drawing comparisons to a "hot hatch" format. The reception for the R3 suggests a potential shift towards smaller-sized cars in the automotive industry. Rivian CEO RJ Scaringe has a plan to keep people interested in both models, and there may be efforts to bring the R3 forward quickly based on its positive reception.
Rivian CEO RJ Scaringe has unveiled three new electric vehicle models, including the R2, a midsize SUV priced at $45,000 with over 300 miles of range and various drivetrain configurations. The company aims to make electric vehicles more accessible and appealing to a wider market, addressing concerns about limited choices and high prices. Despite experiencing growing pains and financial challenges, Rivian is focused on driving efficiency, expanding its model lineup, and creating compelling customer experiences while shifting mindsets about what's possible in an electric vehicle.
Rivian announces the addition of two new midsize SUV lines, the R2 and the surprise R3, to its electric vehicle lineup, with the R3X as its performance variant. The R2, priced at $45,000, is set to be available in the first half of 2026, with over 68,000 reservations made within 24 hours. The R3 and R3X will follow the R2, offering dynamic abilities and quick acceleration. Both models will have two battery sizes and can be charged with NACS and CCS plugs, with the larger battery size allowing for over 300 miles of range.
Rivian CEO RJ Scaringe discussed the R2 and R3 models, revealing that there is a possibility of the R3 being launched before the R2. He highlighted the impressive capabilities and speed of the R3, and hinted at the availability of different pack sizes for the R2. Additionally, he mentioned the bidirectional charging capability of the R1S and R1T, and the upcoming integrated 240V AC output option for the R2. RJ's down-to-earth leadership style and the company's ability to keep the R3 a secret were also noted.
The Rivian R2, a smaller and more affordable all-electric SUV, has garnered over 68,000 reservations within 24 hours of its reveal, with a $100 refundable deposit securing a place in line for the $45,000 vehicle that offers over 300 miles of range. Production of the R2 has been moved up to the first half of 2026 at Rivian's Illinois factory, saving the company $2.25 billion and shortening the wait time for customers.
Rivian's newly unveiled R2 electric SUV has already received over 68,000 reservations within 24 hours of its launch, with a low $100 refundable deposit. The company's CEO, RJ Scaringe, expressed excitement at the strong response from the community. The R2, along with the more compact R3 and R3X, aims to be more affordable than Rivian's current lineup, and the company has already moved up the production timeline to the first half of 2026 due to the high demand.
Rivian unveils the R2, a smaller electric SUV priced at around $45,000, with features including 5 seats, over 300 miles of range, and Tesla's charging port. The company also teased the R3 and R3X models, emphasizing their commitment to adventure and driving massive adoption of electric vehicles. Despite recent challenges, Rivian aims to increase production at its Illinois plant and expects deliveries of the R2 in the first half of 2026.
Rivian Automotive Inc. is scrapping plans to build a new factory in Georgia, saving over $2.25 billion in capital expenditures and shifting production of its R2 model to an existing facility in Illinois to expedite deliveries. The company's stock surged after the announcement, which comes amid concerns over cash and consumer demand. Rivian also unveiled its mid-sized electric SUV, the R2, priced at around $45,000, and surprised investors with a prototype of a future crossover EV called R3. The move reflects Rivian's efforts to compete with Tesla and other automakers in the EV market while cutting costs and addressing slowing demand.
Rivian unveiled its $45,000 R2 electric SUV with a range of at least 300 miles per charge and various motor options. The company also introduced the R3 and R3X models, with the R3 being more compact and featuring an open-air design, and the R3X being a high-performance vehicle. Preorders for the R2 are available now, with deliveries starting in 2026. However, Rivian has also announced layoffs, with 100 employees being let go at its Illinois factory.