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Rivian R2 Feedback Strong as Autonomy Targets Advance

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Sig2.65Sen+3.35Env0.00Soc+0.10Gov0.00

Rivian says early customer and media feedback for its R2 electric SUV is strong as it ramps production at its Normal, Illinois plant, with a second shift planned for the third quarter. The company incurred about $100 million in incremental cost of goods sold during Q2 from the ramp and expects more costs. Rivian targets supervised point-to-point driving later this year and an eyes-off system in 2027, with Gen 3 on track for late 2026.

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