Rivian (RIVN) is betting big on its upcoming midsize R2 electric SUV. Starting at about $45,000, the R2 is about half the cost of its current R1S and R1T models. CFO Claire McDonough confirmed the company is working around the clock to launch R2. It will also help take the brand global as Rivian plans to take the R2 overseas.
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Battery manufacturer LG Energy Solution just announced that its Arizona subsidiary has signed a long-term supply agreement with US automaker Rivian for 4695 cylindrical batteries. The cells will be produced at LG Energy Solution Arizona’s new standalone US facility beginning next year and will power Rivian’s upcoming R2 BEVs.
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Rivian (RIVN) is moving closer to restarting construction at its $5 billion EV plant in Georgia after pausing it months ago. The company recently took a significant step by applying for a federal loan to get its second manufacturing plant back on track.
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After getting the green light to expand its Normal, IL plant, Rivian (RIVN) is preparing for its more affordable R2. Rivian gained approval from the town of Normal for a massive plant expansion, including a new 1.14 million sq ft facility.
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The more affordable Rivian R2 will be easier to plug into Tesla’s extensive Supercharger network. Rivian confirmed the R2 will have a charge port on the driver’s side, making it compatible with Tesla’s Supercharger network.
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Rivian’s next-gen EV is drawing comparisons to Tesla’s best-selling Model Y. However, according to Rivian CEO RJ Scaringe, its upcoming R2 will be “worlds different” than the Tesla Model Y. Its R3 will be even more unique, with few like it on the market.
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Anticipation is building for Rivian’s more affordable R2 electric SUV. According to Rivian, R2 pre-orders are well over 100,000 as buyers line up to get some of the first next-gen Rivian EVs.
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Rivian has secured $827 million worth of incentives from the state of Illinois to expand its main factory in Normal.
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Rivian wants to shake up the industry with its next-generation R2 electric vehicle. Starting at around $45,000, the R2 is expected to open up a new market of buyers. How does Rivian plan to keep its rugged luxury feel at a lower price? The company’s design boss explains.
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Rivian (RIVN) officially shut down production at its Normal, Illinois plant as the EV maker prepares for its next growth phase. The company is upgrading the facility to cut costs and improve efficiency as it looks to expand the brand.
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Rivian’s newly-unveiled R2 will make use of a heat pump to help with efficiency in cold weather, which should be a boon to those in the Northern parts of North America, and in Europe.
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After announcing that R2 production will kick off in Illinois, Rivian (RIVN) is poised to earn additional incentives with plans to expand its Normal EV plant.
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Rivian launched the much-anticipated R2 – and the surprise R3 – on Thursday, but at the time we only saw the cars on stage, in isolation. Now video has emerged showing these cars driving on public roads, next to other cars, offering a better visual size comparison, and a look at the cars in motion in the sunlight.
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Rivian unveiled the R2 – and the surprise R3 – yesterday, and after getting back and having some time to digest the event, I’m here to talk about a lot of smaller details that I learned which didn’t get mentioned on the livestream.
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Rivian gave us a quick 15 minutes with CEO RJ Scaringe to talk about the R2 and R3. Believe me, we took full advantage of that time to ask the pressing questions you told us you had in our watch party and many others. Some of his answers are the first we’ve heard on the matter.
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After launching its more affordable R2 electric SUV Thursday, Rivian’s (RIVN) CEO RJ Scaringe said the EV scored over 68,000 reservations in under 24 hours.
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The EV maker will begin building its new R2 electric SUV at its Normal, Illinois facility to accelerate the launch. Meanwhile, Rivian (RIVN) is delaying construction at its new $5 billion EV plant in Georgia, where the R2 was initially expected to be produced. The delay is not expected to be significant.
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Rivian has unveiled the R2 electric SUV, its next-generation electric vehicle, and there were a few surprises despite some leaks before the unveiling.
We also got a very interesting “one more thing” moment.
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Weeks have been leading up to Rivian’s public unveiling of its new smaller electric SUV, the R2, today, but did anyone expect to glimpse another EV in the works? Following the debut of R2, Rivian followed up with the first images of a model to follow called the R3. Described by Rivian as its “take on what a crossover can be,” the R3 promises to arrive smaller and at a lower MSRP than the R2.
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Rivian is unveiling its highly anticipated R2 electric SUV today. You can join us live here to watch the reveal, get all the news coming out of the event, and an interview with Rivian CEO RJ Scaringe.
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EV maker Rivian’s (RIVN) stock is trending Thursday ahead of the highly anticipated launch of its new R2 electric SUV. Rivian stock scored a buy rating from Jefferies Finacial Group, suggesting over 45% upside potential.
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The Rivian R2, the electric vehicle startup’s upcoming new electric SUV, has leaked through the company’s website. It starts at $47,000 and gets up to 330 miles of range. Lots of new details are emerging here…
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Rivian looks to expand the brand with its more affordable R2 electric SUV. Ahead of the R2’s official debut, Rivian’s CEO RJ Scaringe called $48,000 an “important sweet spot” for buyers switching from gas vehicles. Scaringe also said the upcoming R2 will compete in the same market as Tesla’s best-selling Model Y.
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With less than three weeks until the R2 is finally unveiled, Rivian (RIVN) confirmed it will bring the more affordable electric SUV to Europe.
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