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

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

Rivian’s first R2-based mannequin might be a mid-size SUV crossover which might 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 are able to count on the upcoming R2S SUV (the title hasn’t been confirmed, however it is going to doubtless observe the identical scheme because the R1 lineup) to have an identical 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 is going to have elevated manufacturing of the R1-based autos to 85,000 models per yr, 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 mentioned, the overall capability of the meeting facility in Regular, Illinois will stay at 150,000 models per yr 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.

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

“So we talked just a little 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 grow to be over time for Rivian. I’m not simply [talking] in North America, however globally as effectively.”

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