Infineon to supply power modules for traction inverters for Rivian's R2 Platform On May 19, Infineon Technologies AG announced that it will supply Rivian’s R2 platform with power modules for traction inverters. The R2 platform will use silicon carbide (SiC) and silicon (Si) modules from Infineon’s HybridPACK Drive G2 family. Supply is expected to start in 2026. Additionally, Infineon will supply other products for the platform, including AURI...

News  Updated at: 2025/05/19

Rivian R2 validation builds reach Normal production lines On May 6, Rivian CEO R.J. Scaringe said that validation production of Rivian’s brand-new, all-electric R2 crossover is underway at the company’s plant in Normal, Illinois. In a post shared to X/Twitter, Scaringe confirmed that "validation builds" of the R2 have reached Rivian's production line ahead of the mid-sized e-SUV's planned roll-out early next year. Rivian is adamant that the R...

News  Updated at: 2025/05/13

attract suppliers from across the globe to invest in Illinois and continue to create good-paying jobs,” said Illinois Governor JB Pritzker. In addition to the 1.2 million square foot supplier park, construction is well underway for the 1.1 million square foot expansion of the plant necessary for R2 manufacturing, expected to begin in 2026. Rivian currently builds the R1S SUV, R1T pickup, Amazon Electric Delivery Van (EDV) and Rivian Commercial...

News  Updated at: 2025/05/06

crazy things going on in the world that can affect that (timeline). But currently we are on track," said Derek Jenkins, senior vice president at Lucid. The company targets a USD 50,000 price point, as it looks to meet competitors such as the Ford Mustang Mach-E, Hyundai Ioniq 5 and upcoming Rivian R2 head on. Teams at Lucid are currently working on preparing assembly lines at Casa Grande for the midsize SUV, and coordinating logistics operations...

News  Updated at: 2025/04/22

retail footprint. In connection with the spin-off, Also secured a USD 105 million investment from the venture capital fund, Eclipse Ventures. Rivian Founder and CEO RJ Scaringe will serve as Chairman on Also’s Board of Directors. Rivian meanwhile continues to make significant progress toward its R2 launch in Normal, Illinois and expects to begin customer deliveries in the first half of 2026. (Rivian press release on March 26, 2025)...

News  Updated at: 2025/03/27

Rivian CEO shows R2 tooling progress ahead of production in Normal, Illinois On March 18, Rivian’s CEO, RJ Scaringe showed how the company is making progress on its new R2 midsize electric SUV that it is building in Normal, Illinois. On a social media posting, Scaringe offered a view of an R2 body being built with production dies. Starting at USD 45,000, the R2 will be about half the cost of Rivian’s current R1S (USD 77,700) and R1T (USD 71,7...

News  Updated at: 2025/03/22

its strategic outlook at the Wolfe Research Virtual Autos Summit. CEO RJ Scaringe highlighted opportunities and challenges in the evolving EV marketplace.  Key points were: Rivian aims to achieve positive EBITDA by the end of 2027 through cost management and vertical integration.The launch of the R2 platform is prioritized, with a focus on reducing material costs by 45% compared to the R1. Rivian has now delivered 20,000 EDVs to Amazon. The com...

News  Updated at: 2025/03/19

Rivian 'on track' to launch affordable R2 in first half of 2026, CEO says 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 for "95% of the bill of materials", referring to all o...

News  Updated at: 2025/02/22

rograms Office (LPO) for up to USD 6.6 billion in financial support for the construction of its next manufacturing facility in Stanton Springs North near Rutledge, Georgia. The funds will support the creation of 7,500 new manufacturing jobs and accelerate the volume expansion of the company’s new R2 SUV, which will start production first at the plant in Normal, Illinois in 2026, and the new R3 crossover. The loan will be split across the two ph...

News  Updated at: 2025/01/18

onize the discovery of new battery materials and cell technologies by leveraging artificial intelligence, computational modeling, and automated high-throughput laboratory infrastructure. novali takes on the role of technical lead in the consortium, with VUB as the project coordinator. Together with R2M, novali also played a key role in initiating and leading the consortium during the proposal writing phase. novali develops and manufactures next g...

News  Updated at: 2024/12/24

ons before the DOE enters into definitive financing documents and funds the loan, which would be secured by all assets of the project and fixed assets and guarantees of Rivian. In March, due to financial problems, Rivian said it would pause construction of the Georgia plant and begin assembling its R2 SUV in Illinois in 2026 instead to get it to market quicker and save USD 2.25 billion in capital spending.  With the DOE loan, Rivian says plans t...

News  Updated at: 2024/11/27

Rivian takes R2, R3X to venues across North America On November 13, Rivian announced on its website that it would be displaying both the upcoming R2 and R3X vehicles at various locations in the U.S. and Canada, after initially launching displays at a few select stores.  In addition to the upcoming R2 and R3X displays, Rivian has had the R2 on display at multiple locations in California, as well as in Portland, New York City, Nashville, Austin, a...

News  Updated at: 2024/11/23

Rivian begins expansion of Normal, Illinois plant for R2 production On November 12, Rivian confirmed that the expansion of its Normal, Illinois factory, which will produce the new R2 platform, has officially started. Crews on sight of the expansion have officially broken ground, Chief Operations Officer for Rivian, Javier Varela, wrote: “Rivian R2 is one step closer to coming to market! We broke ground in Normal (Illinois) to begin expanding th...

News  Updated at: 2024/11/15

companies will join the JV. Teams will be based in Palo Alto, California initially, and three other sites are in development in North America and Europe.  The joint venture will aim to use the existing Rivian electrical architecture and software technology stack, enabling the launch of Rivian’s R2 in the first half of 2026, and support the expected launch of the first models from the Volkswagen Group as early as 2027. The JV will evolve this ...

News  Updated at: 2024/11/13

ar. Adjusted EBITDA for Q3 was USD (757) million as compared to USD (902) million for the same period in 2023. On the same date, Rivian announced a strategic supply agreement with LG Energy Solution (LGES) to power its next-generation midsize electric vehicle platform, underpinning the company’s R2 midsize SUV. Under the terms of the agreement, LGES will provide 4695 cylindrical batteries for the upcoming R2 vehicle. Within the first year of p...

News  Updated at: 2024/11/09

LG Energy Solution to supply 4695 cylindrical batteries for Rivian R2 On November 8, LG Energy Solution announced that LG Energy Solution Arizona, a fully owned subsidiary of LG Energy Solution, has signed a long-term supply agreement to provide Rivian with its advanced 4695 cylindrical batteries for a period of more than five years, totaling 67 GWh. With a diameter of 46 mm and height of 95 mm, with over six times the capacity of the existing 21...

News  Updated at: 2024/11/09

+ platform in 2025, with self-driving tech based on an AI-first approach, which will probably be made available to Gen 2 R1-series first because of its better hardware. Rivian plans to temporarily close its plant in Normal, Illinois again in the second half of 2025, as it works to integrate the new R2 on the production line and increase the plant's capacity to 215,000 units per year. Rivian plans to have only one shift for the EDV in 2025, though...

News  Updated at: 2024/09/12

re was at a parking lot on the north side of the 4-million-square-foot factory, and the assembly plant was unaffected, the Normal Fire Department reported, though the cause of the fire is still being investigated. Rivian is currently expanding the Normal plant to produce its smaller, less expensive R2 SUVs that are expected to roll out in 2026. The company this year shut the plant down for three weeks for a major retooling that is meant to simpli...

News  Updated at: 2024/08/27

Rivian approved for major plant expansion in Normal, Illinois for R2 production On August 19, the Normal Town Council voted in favor of Rivian’s plant expansion for production of its upcoming R2 SUV. The amendments to its site plan include a new “R2” building, a 1.14-million square-foot structure on the east side of the main plant. The project also includes expanding the current 3.8-million-square-foot plant by about 208,000 square feet, or...

News  Updated at: 2024/08/22

Rivian receives ‘well over 100,000’ preorders for R2 On July 21, during an event at its Normal, Illinois plant, Rivian’s vice president of manufacturing Tim Fallon said pre-orders for the R2 have reached “well over 100,000,” with new orders increasing “organically.”  The R2 had already received over 68,000 reservations in March, within 24 hours of the order window opening up. Competing with the Tesla Model Y, the R2 is expected to ...

News  Updated at: 2024/07/25