Rivian R2 Feedback Strong as Autonomy Targets Advance
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.