The Rivian R2 is still three years away from launch, but we’ll see it a lot sooner than that.
On Thursday, Rivian CFO Claire McDonough talked about Rivian R2 timing and pricing with Emmanuel Rosner from Deutsche Bank.
McDonough revealed the R2 will be revealed in early 2024. The designer clay coins are in the design studio and the CEO has been spending time with them with the design team. “We are extremely excited about how different the products are,” says McDonough.
In May, RJ CEO Scaringe and design director Jeff Hammond displayed an R2 clay model covered under a cloth during an Instagram Q&A session. Although covered, it is clear that this is the design of a boxy SUV with a reduced body. SUV R1S file. R2 is expected to be of size Jeep Grand Cherokee.
McDonough told Rosner that the R2’s target price is between $40,000 and $60,000 as the automaker targets the broader market. The supply chain cost base will play a key role as the automaker is in a better position to negotiate contracts than it was in 2018, before the R1T . electric truck in production.
Rivian is building a new one factory in Georgia to generate R2. Initially, production was slated to begin in 2024, but in 2022, the automaker said. R2 is delayed through 2026. While no reason was given, the company’s cash balance fell from $15.4 billion to $13.8 billion at that time. The move can be an attempt to roll in some expense.
The Georgia plant is said to have an annual capacity of 400,000 vehicles.
