Rivian Unveils Surprising New EV Models and Cost Savings
TL;DR
Rivian surprised everyone by announcing the R3, an all-electric hatchback with design similarities to the Honda E and boxier Volkswagen Golfs, representing a new market for the company in smaller EVs dominated by Tesla. Details on availability and cost are scarce, but it will have a slightly shorter wheelbase than the R2, a sporty R3X variant, and be built on the R2’s platform. The R3 is seen as a near-term fix for the company's production challenges, and its surprise reveal caused Rivian's stock price to soar.
Topics:businesselectric-vehicles#electric-hatchback#electric-vehicles#ev-market#new-car-announcement#r3#rivian
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- Rivian shares surge as company reveals new EV models, $2.25 billion in cost savings CNBC
- Rivian Unveils Lower-Priced Electric Vehicle as It Seeks to Jumpstart Sales The Wall Street Journal
- Rivian surprises us with R3 – smaller, more affordable than the R2 Electrek
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