Rivian is hard at work organizing production for its R1T pickup, R1S SUV, and Amazon delivery all-electric vehicles which have struggled to sustain full capacity thanks to supply chain headaches everyone is facing right now, but that hasn’t stopped the company from looking toward its next step. In a shareholder letter issued this week, Rivian has teased more details of its so-called upcoming “R2” platform of new vehicles, which will likely be priced and marketed as more affordable offerings in the company lineup.
According to the letter to shareholders, which was published to the Rivian website and first reported on by AutoGuide, Rivian has focused its roadmap “to ensure that the $17 billion of cash we had on our balance sheet as of March 31, 2022 can support the 2025 launch and ramp of our R2 vehicle platform.” Rivian says the R2 will be the next step to expand the brand portfolio “globally across different price points and form factors,” but the letter does not go into further detail on what shape the R2 platform could take—only that it will be critical to Rivian’s long-term success.
MotorTrend previously was informed that the R2 platform will take on a more compact size and design for a series of smaller vehicles, including both trucks and SUVs. We expect the R2 lineup will have dual- and tri-motor drivetrain configurations, but will not adopt the quad-motor setup of the larger, beefier R1 platform that underpins the R1T and R1S. It’s unclear which platform other rumored vehicles including an expected, sportier Jeep Wrangler competitor might get.
Rivian claims it’s prepared to scale production capacity up to 150,000 units per year, which remains the company’s top priority moving forward. The Normal, Illinois production facility has proven it can operate at full capacity in “burst build activities,” according to Rivian, and is now reportedly only limited by supply chain support in the global market. The startup claims it has received over 90,000 preorders combined for its R1T and R1S pickup and SUV models, on top of Amazon’s order of 100,000 delivery vans. Rivian has not yet announced when the first new vehicle spawned off the R2 platform is expected to launch, but we learning more about it by the end of next year.
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