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Rivian 'on track' to launch affordable R2 in first half of 2026, CEO says

Feb 22, 2025

On February 20 during its Q4 earnings call, Rivian CEO RJ Scaringe confirmed that the company’s new R2 model is on track for launch in the first half of 2026 and will have a starting price around USD 45,000.
Scaringe said the company has managed to reduce material costs by 50% over the R1, already securing contracts....

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