More than just an SUV? Rivian is working on more R2 variants.
Summary
Rivian is preparing to launch its smaller, more affordable R2 electric SUV, competing with models like the BMW iX3. The company plans to build the R2 and a smaller R3 model at a new factory in Georgia, which is expected to start production in 2028 with a large capacity to make many versions of these vehicles.Key Facts
- Rivian has released larger electric vehicles like the R1T pickup and R1S SUV, and makes Amazon delivery vans.
- The R2 is a midsize electric SUV that will cost less and compete with cars like the BMW iX3.
- A $45,000 version of the R2 with a smaller battery may arrive next year.
- Rivian CEO RJ Scaringe hinted at more versions of the R2, such as an R2X.
- Rivian is thinking about making its own lidar sensors, which help cars see their surroundings, in partnership with a Chinese firm.
- Initial R2 models will be made at Rivian’s Illinois factory, which can produce about 155,000 vehicles a year.
- A new factory in Georgia is planned to open in 2028, with a capacity of 300,000 vehicles annually, supported by a $4.5 billion loan from the U.S. Department of Energy.
- The Georgia plant will also build robotaxis for Uber under a $1.25 billion deal.
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