Rivian begins R2 deliveries as RJ Scaringe calls it pivotal
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Rivian just started delivering its new R2 SUV, a smaller, more affordable ride starting at around $58,000.
CEO RJ Scaringe called it "maybe the most important thing we've launched to date," as the company hopes this model will help it reach a wider crowd and boost its growth.
Rivian targets 20,000-25,000 R2s by 2026
Rivian wants to get 20,000 to 25,000 R2s on the road by the end of 2026 from its Illinois factory, with even bigger numbers coming once its Georgia plant opens in 2028.
The R2 is also set to play a big role in Rivian's $1.25 billion deal with Uber: up to 40,000 of these SUVs could hit the streets as self-driving robotaxis.
Cheaper versions are already in the works for 2027, starting under $50,000.