Rivian Unveils $45,000 Electric SUV Arriving in 2026 to Bolster Lineup, Aid Company's Viability
• Rivian revealed R2, a $45,000 electric SUV arriving in 2026 with 330 mile range and 0-60mph in 3 seconds
• Crucial for Rivian's viability to have a more affordable EV below its $70K+ R1 trucks and SUVs
• R2 will be slightly smaller than a Tesla Model Y but maintains Rivian's signature adventure and off-roading capabilities
• Rivian faces challenges - $5.4B losses in 2022, layoffs, factory shutdowns - but R2 expected to help company stay afloat
• R2 production another major test for Rivian's existence after early struggles to ramp up R1 truck and SUV lines