Tag

R2

All articles tagged with #r2

autos17 days ago•14 min saved

Rivian's R2 road test signals a turning point for the EV maker

Rivian’s high-stakes midsize EV, the R2, is designed to scale the company toward profitability with a cheaper, high-volume platform. In road tests, the Performance model delivers 656 hp and 609 lb-ft for a 0–60 around 3.6 seconds, while its semiactive dampers provide a notably smooth, composed ride. The EPA rates range at 330 miles from an 88-kWh pack, with real-world figures around 250–300 miles; charging uses a Tesla-compatible NACS port—10% to 80% in under 30 minutes. The interior feels premium for the price, but the lack of Apple CarPlay is a drawback. Pricing starts near $57,990 (about $61k as tested). If the R2 can scale, it could finally deliver profitability and volume for Rivian beyond its acclaimed but costly R1-series offerings.

via Yahoo Finance|

#autos #ev #r2

business26 days ago•18 min saved

Rivian rides strong Q2 beat as Launch Edition R2 conversions top expectations

Rivian beat Q2 expectations with revenue of $1.66B and an adjusted EBITDA loss of $379M, and it lifted its full-year guidance while reaffirming 65,000–70,000 deliveries. Management said Launch Edition conversions for the R2 are meaningfully higher than Rivian’s internal projections, and that R2 costs are materially lower than R1, with a goal of positive gross margin on R2 by year-end. The company ended the quarter with about $5.3B in cash after a July $1.3B secondary offering to bolster its balance sheet as it ramps R2 production and a new Georgia factory amid ongoing supply-chain risks.

via Yahoo Finance|

#business #earnings #launch-edition

business26 days ago•7 min saved

Rivian ramps up R2 push as Q2 revenue climbs 27%

Rivian posted Q2 2026 revenue of $1.66B, up 27% year over year, with a record $179M gross profit led by software/services and VW JV; automotive gross profit was negative $36M as the R2 ramp continues. R2 deliveries began June 9, with 12,613 produced and 12,194 delivered. The company raised full-year guidance to 65,000–70,000 vehicles, narrowed adjusted EBITDA loss to $1.8–2.0B, and signaled about $14B of available future capital, suggesting auto-margin improvement in H2.

via Electrek|

#business #ev #gross-margin

technology1 month ago•2 min saved

Rivian R2: Lighter, cheaper, and more integrated suspension design

Rivian’s R2 advances a mainstream EV by using a chassis-integrated inverted-tub battery and a redesigned suspension. The front subframe is stamped steel—about 50% cheaper and ~10% lighter than the R1’s—and the suspension swaps in coil springs and rigid anti-roll bars for the previous air and hydraulic setup, cutting build costs roughly in half while preserving ride and handling.

via InsideEVs|

#battery-pack-in-chassis #cost-reduction #front-subframe

business1 month ago•5 min saved

Rivian taps market for $1.5B to fund R2 ramp

Rivian announced an underwritten public offering of 75 million shares to raise about $1.5 billion (potentially ~$1.7B if underwriters exercise their option for up to 11.25 million additional shares), following a strong Q2 delivery beat and raised full-year guidance. The deal would dilute existing shareholders by roughly 6%. Proceeds are intended to fund the R2 ramp and related DOE loan equity obligations, giving Rivian more runway to scale production.

via Electrek|

#business #dilution #equity-offering

business1 month ago•1 min saved

Rivian nudges 2026 EV target higher on strong Q2 demand

Rivian raised its 2026 delivery outlook to 65,000–70,000 vehicles after stronger-than-expected Q2 demand, with Q2 production of 12,613 and deliveries of 12,194. Growth was driven by the electric delivery van and the flagship R1 lineup, plus the start of R2 midsize SUV deliveries and ramp-up at its Normal, Illinois plant with 160,000 annual capacity. The company will report Q2 results on July 30 as rivals Tesla and Lucid prepare to disclose their numbers.

via CNBC|

#business #delivery #ev

technology1 month ago•108 min saved

Rivian bets big on R2 as tornado tests its factory

Rivian’s push to scale the affordable R2 is tested by a tornado that damaged its Normal, Illinois factory just as the EV market cools and policy shifts bite; the company bets on vertical integration, in-house software, and a VW partnership to carry it to mass production, but success now hinges on the R2 delivering volume and profitability amid supply-chain volatility and competition.

via The Verge|

#ev #factory #r2

business2 months ago•2 min saved

Rivian Cuts About 300 Jobs as R2 Takes the Stage

Rivian announced layoffs of roughly 300 employees (about 2% of its workforce) as it begins delivering the R2 and pursues profitable growth, with cuts focused on service, customer, and go-to-market teams; the EV maker has yet to post an annual profit and is planning a Georgia plant to reach up to 300,000 vehicles per year by 2028.

via InsideEVs|

#business #georgia-plant #layoffs

business2 months ago•6 min saved

Rivian downsizes customer-facing teams as R2 launches

Rivian laid off hundreds—less than 2% of its workforce, primarily from service and customer-facing roles—just a week after starting R2 deliveries, the fourth round of cuts since 2024 as it seeks profitability amid heavy losses and a high-stakes mass-market launch. The move comes as Uber plans a substantial investment in Rivian and its autonomy program, highlighting investor pressure even as the company ramps the R2.

via Electrek|

#business #layoffs #profitability

business2 months ago•2 min saved

Rivian trims workforce as R2 rollout targets profitability

Rivian is laying off hundreds of workers—under 2% of its staff—as it scales the R2 SUV rollout and pursues profitability, following a $3.6 billion loss last year and ongoing restructuring that affected service and customer teams.

via CNBC|

#business #electric-vehicles #layoffs

technology2 months ago•3 min saved

Rivian Maps a Bold EV Roadmap: R2 Arrives, R3X Targeted for 2028, R4 in the Wings

Rivian confirms the R2 is arriving in US driveways and teases a broader plan, with the R3X planned for around 2028 ahead of a standard R3; a Georgia factory ramp is tied to the timeline, and while Rivian has floated variants like an R2T, the company says the immediate focus remains on the R2 and exploring multiple possibilities for future models.

via InsideEVs|

#ev #r2 #r3x

technology2 months ago•3 min saved

Rivian R2 Starts Deliveries with a Hidden Spare Tire

Rivian has begun delivering the R2 and launched its official Gear Shop, offering a $755 compact spare tire that fits under the trunk floor (with no built-in compressor) alongside other accessories. The first shipments are the top-spec Performance with Launch Package, delivering up to 656 hp, 0-60 mph in 3.6 seconds, and about 330 miles of EPA range from an 87.9 kWh pack, with more affordable Standard versions arriving later in 2027.

via InsideEVs|

#accessories #ev #r2

business2 months ago•13 min saved

Rivian's R2 Test-Drive Becomes Bullish Indicator, Analyst Says TAM Expands

Needham reiterates a Buy on Rivian with a $23 target, arguing the R2 launch is TAM-expanding and could bring new buyers into Rivian’s ecosystem; catalysts include point-to-point navigation, a LiDAR-enabled hands-free variant, and cheaper R2 trims. Rivian says missing features on the initial R2 rollout were delayed for quality and will arrive via monthly OTA updates this summer. With R2 deliveries underway, the stock rose about 1% in overnight trading as investors are encouraged to test-drive the vehicle rather than rely on broad EV adoption alone, supporting a bullish longer-term view despite near-term volatility.

via Yahoo Finance|

#autonomy #business #needham

business2 months ago•21 min saved

Rivian’s Affordable R2 Sparks Skepticism in the Stock Market

Rivian unveiled the R2 SUV at a base price around $44,990 to broaden demand, but its stock fell about 7% after the announcement and is roughly 17% lower for the year. With only 10,365 Q1 deliveries and $1.81 billion in revenue (net loss $416 million), Rivian’s $21 billion market cap looks stretched next to GM’s $75 billion. Investors and analysts question whether a late-to-market, higher-priced EV can reverse Rivian’s trajectory amid stiff competition from Tesla and BYD, suggesting the R2 may be too little, too late.

via 24/7 Wall St.|

#business #ev #r2

business2 months ago•5 min saved

Rivian Overhauls Service, Aims for Hours for Critical Fixes Ahead of R2 Launch

Rivian has overhauled its service operations to dramatically cut wait times—from days for non-critical issues to hours for critical ones—after earlier 40–50 day delays. CEO RJ Scaringe says the improvements come from building out infrastructure and scaling for the mass-market R2, with the goal of handling higher volumes and delivering better service as the R2 rollout begins, a trend reflected in improving online feedback.

via The Drive|

#business #mass-market #r2