Rivian Begins Production of R2 SUVs, Deliveries Expected in Spring 2026
Rivian has started production of its R2 SUVs, with deliveries expected later this spring. The company aims to expand demand and improve profitability with this lower-cost model, which is expected to compete with Tesla's Model Y. The R2 is anticipated to help Rivian achieve positive gross profit margins by the end of 2026.
Topics: competitors cost reduction deliveries electric vehicles production start profitability Rivian R2 Tesla Model Y