Scaringe speaking next to an R3 SUV, at an event in Laguna Beach, California, on Thursday. – ReuterspicRivian on Thursday introduced its smaller, less expensive electric R2 SUVs and R3 crossovers with plans to start producing the R2 at its existing US factory to hasten deliveries in the first half of 2026.
Rivian had previously planned to launch the R2 – a five-seater version of the automaker's larger R1S SUV with more than 483km of range – at a planned US$5 billion plant in Georgia.Rivian had previously said that the R2 would launch in 2026, without elaborating, but on Thursday it said that by starting production in Normal, Illinois, it was accelerating its timeline to the first half of that year.
“They need to get positive cash and currently they’re bleeding money. Even though they have billions in reserve, that will go quickly when you’re losing US$40,000 a vehicle,” said Sam Fiorani, vice-president of global vehicle forecasting at AutoForecast Solutions. Construction would resume later in Georgia as that site “remains an extremely important part of its long-term strategy,” Rivian said.
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