EV startup Rivian Automotive Inc. Lixin When preparing to start the production of new R2 vehicles, it is expanding its factories in Illinois.
what happened: “R2 expansion quickly moves!” Rivian CEO Rj scary In the post on X, it was Twitter. The position of the CEO is accompanied by photos of the company’s Illinois factory.
Rivian originally hoped to start producing its R2 SUV in its new factory in Georgia. However, the company stopped the factory’s construction in Georgia last year to reduce costs, but decided to launch R2 in its existing factory.
The company then said that decision to launch R2 in Illinois, instead of Georga, will enable the vehicle to be launched earlier and save billions of dollars capital until R2 production starts.
Why is it important: R2 is expected to start at about $ 45,000, the price is the same as Tesla’s best -selling model Y SUV. This new car will be smaller and cheap than Rivian’s existing R1 products, with a price of about 70,000 US dollars. The company expects it to expand its total addressable market and meet the demand for cheap electric vehicles. The company received more than 68,000 cars within 24 hours after the opening of March.
In addition to its R1 vehicle, Rivian also produces electric trucks for the team owner. Online retailer Amazon.com It is the main customer of trucks produced by the company.
In 2024, Rivian delivered 51,579 EVS under the guidance of 50,500 to 52,000. However, the company has not reported positive gross profit in a quarter.
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