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confidence high
sentiment positive
materiality 0.90
Rivian unveils R2 SUV (~$45K), R3 crossover; production in Normal, IL saves $2.25B
Rivian Automotive, Inc. / DE
- R2 starting price ~$45,000, deliveries expected first half 2026; R3 priced below R2.
- Production of R2 moved to existing Normal, IL plant, saving over $2.25B vs. Georgia launch.
- Total Normal capacity after R2 launch to reach 215,000 units/year across all models.
- R2 reserves open with $100 refundable deposit; R3 and R3X deliveries to follow R2.
- R2/R3 feature up to 300+ miles range, 0-60 in under 3 sec with Tri-Motor variant.