Just after the reveal of its more affordable R2, R3, and R3X models in March, Rivian announced plans to rejigger its production capacity at its existing plant in Illinois, to accommodate the R2 electric SUV at that plant instead of an even larger one in Georgia that remains on the drawing board.
Recognizing that the R2 is critical to the company’s survival, it included the following in its Q1 financial report, released Tuesday: “We believe launching R2 in Normal will create long-term value by driving greater capital efficiency and reducing risk to the R2 launch and associated ramp.”
With the update, Rivian also revealed exactly what that means in intended production numbers. It now intends to make 155,000 of its R2 electric SUV at the Illinois plant annually, with a total of 215,000 units including its other vehicles (consisting of the R1S, R1T, and EDV.
That’s more R2s in…
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