First Rivian R2 Mannequin To Be Revealed In 2024, Priced From $40,000

Rivian will reveal the primary mannequin within the smaller, extra inexpensive R2 vary in early 2024, in line with the corporate’s Chief Monetary Officer (CFO) Claire McDonough, who spoke with Emmanuel Rosner throughout Deutsche Financial institution’s International Auto Trade Convention Name.

The American EV startup’s CFO stated that she noticed the clay mannequin that was teased just lately throughout a Q&A session with CEO RJ Scaringe and that the entire crew is “extremely excited concerning the differentiation of the merchandise.”

Rivian’s first R2-based mannequin will probably be a mid-size SUV crossover which may have a beginning worth of round $40,000 and a most retail worth of $60,000, slotting proper underneath the flagship R1T pickup which begins at $73,000, and the R1S SUV that has an MSRP of $78,000.

In different phrases, we will count on the upcoming R2S SUV (the identify hasn’t been confirmed, however it would doubtless observe the identical scheme because the R1 lineup) to have an analogous measurement and worth to the Ford Bronco.

Manufacturing of the R2 SUV is about to start two years after its reveal, so someday in 2026, when the corporate estimates it would have elevated manufacturing of the R1-based automobiles to 85,000 models per 12 months, up from 65,000, whereas manufacturing of the Amazon-only Electrical Supply Van (EDV) will go down from 85,000 to 65,000 models yearly.

With this being stated, the entire capability of the meeting facility in Regular, Illinois will stay at 150,000 models per 12 months in 2024, with a second manufacturing unit that’s but to be in-built Georgia set to take over the manufacturing of the R2 fashions.

In the course of the convention name, McDonough hinted at the potential of the R2 platform reaching a world viewers and never being restricted to North America solely, because the R1-based automobiles are:

“So we talked a bit of bit about, proper, the place we had been in 2018, 2019, relative to the work that we’ve been conducting over the course of the final two years to get these materials prices down. I hear we’re ranging from a really totally different place of negotiations because it pertains to the R2 platform and the scale and ability that that platform will turn into over time for Rivian. I’m not simply [talking] in North America, however globally as effectively.”

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