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Rivian will deliver the first R2 SUVs on June 9

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Why This Matters

Rivian's upcoming R2 SUV, set for delivery on June 9, marks a significant step towards more affordable electric vehicles, aiming to expand its market reach and boost sales. This launch could be pivotal for Rivian's financial turnaround and growth in the competitive EV industry, offering consumers more accessible options. The company's focus on affordability and rapid production ramp-up underscores its commitment to scaling electric mobility.

Key Takeaways

In Brief

Rivian has finally revealed that the first customers of the company’s new R2 SUV will get their vehicles on June 9.

The automaker has spent the last few months ramping up its efforts to release the R2, which is more affordable and aimed at a larger market than its current R1 lineup. The new SUV will initially be available in a trim that starts just under $60,000, though Rivian has announced plans to release a “standard” version that starts at $48,490 in 2027.

The company has teased an even more affordable version “starting around $45,000” late next year — a price tag Rivian has promoted since the R2 reveal in 2024.

Rivian has high expectations for the R2. Founder and CEO RJ Scaringe has said it is “maybe the most important thing we’ve launched to date.” The company is betting on an extremely fast ramp-up, with as many as 25,000 vehicles delivered by the end of this year. Ultimately, Rivian hopes the R2 and its hatchback sibling, the R3, will help the company turn a profit for the first time since its founding in 2009.