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Rivian Confirms New R2 Variants as Cheaper SUV Moves Into Volume Production

The broadened R2 plan signals a push to lower prices to meet Rivian’s growth targets.

Overview

  • CEO RJ Scaringe said the company is developing R2 versions it has not shown yet and hinted an R2X performance model could be among them.
  • Rivian has begun building saleable R2 SUVs and expects first customer deliveries around June.
  • The rollout starts with an R2 priced near $58,000, with a $45,000 trim targeting more than 275 miles of range planned for late 2027.
  • Rivian projects roughly 53% delivery growth in 2026 driven by R2, which implies about 22,000 to 23,000 R2s if the ramp stays on track.
  • The company is scaling its Georgia plant toward about 300,000 vehicles a year and investing in autonomy as it prepares for Uber’s $1.25 billion robotaxi deployment of 10,000 R2-based vehicles from 2028.