Rivian gets $827m incentives to expand Normal, Illinois factory for R2
Rivian has secured $827 million worth of incentives from the state of Illinois to expand its main factory in Normal.
Expand Expanding Close
Rivian has secured $827 million worth of incentives from the state of Illinois to expand its main factory in Normal.
Expand Expanding Close
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.
Expand Expanding Close
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.
Expand Expanding Close
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.
Expand Expanding Close
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.
Expand Expanding Close
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.
Expand Expanding Close
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.
Expand Expanding CloseRivian 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.
Expand Expanding Close
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.
Expand Expanding Close
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.
Expand Expanding Close
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.
Expand Expanding Close
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.
Expand Expanding CloseRivian 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.
Expand Expanding Close
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.
Expand Expanding Close
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…
Expand Expanding Close
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.
Expand Expanding Close
With less than three weeks until the R2 is finally unveiled, Rivian (RIVN) confirmed it will bring the more affordable electric SUV to Europe.
Expand Expanding Close
As we get closer to the official debut of Rivian’s more affordable R2, we are finally getting a better idea of what to expect. After teasing the model for the first time yesterday, Rivian’s R2 was reportedly spotted filming in downtown LA shortly after.
Expand Expanding Close
Rivian is giving us our first look at the more affordable R2 EV. The Rivian R2 will be officially revealed in three weeks. Ahead of its debut, Rivian opened the R2 website, sharing reservations will start at $100.
Expand Expanding Close
Rivian today announced that the company is going to show the world the smaller, more value-focused R2 at their Laguna showroom on March 7th. We uncovered the launch event date and location earlier, but the move is now official and could include some surprises.
Expand Expanding Close
As anticipation builds for Rivian’s (RIVN) next-gen electric vehicle, a new patent filing may give us a glimpse into what we can expect. The patent is for a vehicle headlamp, but the images show what could be our first look at the new Rivian R2 EV.
Expand Expanding Close
Rivian has filed plans for a “global product launch” on March 7th at its new flagship store in Laguna Beach, and documents reveal that the launch is of its much-anticipated smaller, more affordable R2 platform.
Expand Expanding Close
Although Rivian (RIVN) and Tesla have different products, they are more alike than you may think. Rivian’s CEO RJ Scaringe said its upcoming R2 model will be its version of the Tesla Model 3.
Expand Expanding Close
EV startup Rivian announced that Arnhelm Mittelbach has joined the team as its first Georgia plant manager. Mittlebach joins Rivian with over 20 years of experience at Mercedes-Benz as the EV maker prepares to break ground on its second EV plant.
Expand Expanding Close