Rivian’s R2 model will include fast charging and self-driving capabilities.

Rivian’s R2 mannequin will embrace quick charging and self-driving capabilities.
Screenshot: Rivian

Electrical automobiles are nonetheless capturing the hearts, minds and wallets of a minimum of some shoppers. In lower than 24 hours, Rivian’s new R2 model bought greater than 68,000 reservations, the corporate’s chief government stated.

“We’re thrilled to see this automobile resonate so strongly with our neighborhood!” Rivian CEO RJ Scaringe said Friday on X.

U.S. clients paid a $100 deposit payment, whereas Canadian residents paid $150 to order their automotive, in response to the company’s website. Rivian guarantees a full refund for purchasers who change their thoughts.

Throughout an occasion Thursday in California, the EV maker revealed the R2 model, a midsized electrical SUV that seats 5. The Rivian R2 is anticipated to begin at about $45,000, the corporate stated, with deliveries to start within the first half of 2026.

Learn extra: EV startup Rivian is betting on a cheap(er) new electric SUV to save its business

Particulars of what number of reservations Rivian’s R3 and R3X fashions have attracted haven’t been revealed. However in response to the corporate, the vehicles can have “tighter dimensions” and can be priced decrease than the R2.

Rivian plans to make the R2 mannequin at its Illinois manufacturing unit fairly than the Georgia plant the place it had planned to invest $5 billion.

Rivian stock, which rose Thursday following the discharge of the R2, was buying and selling up about 2.5% Friday afternoon.


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