"On Thursday, the carmaker shared its rough volume expectations for the R2's first year on the market. On Rivian's fourth quarter earnings call, CFO Claire McDonough said the company aims to deliver 62,000-67,000 vehicles across its portfolio in 2026. She added that Rivian's R1T, R1S and commercial van volumes will be roughly in line with last year's numbers, which came in at a little over 42,000 units. That means the R2 is expected to drive Rivian's growth in 2026."
"Production will start in the second quarter, and McDonough said not to expect meaningful R2 volume until the back half of the year. The launch edition model will be manufactured on one shift to start, she said, with a second shift at the company's plant in Normal, Illinois, planned for later in 2026. Looking further ahead, Rivian founder and CEO RJ Scaringe told CNBC on Thursday that he expects the R2 will make up the "majority" of Rivian's volume by the end of 2027."
"Rivian has touted a $45,000 base price for the R2, about half the transaction price of the bigger, pricier R1S. But the launch edition will likely cost considerably more than that. More details of the debut model will be revealed on March 12, but Rivian has said that it will be a dual-motor, all-wheel-drive version similar to the prototype we tested earlier this month."
Rivian's near-term performance hinges on the R2 crossover's market reception and production ramp. The company targets 62,000–67,000 total vehicle deliveries in 2026, with R1T, R1S and commercial van volumes roughly matching last year's ~42,000 units, implying about 20,000–25,000 R2 units. R2 production starts in Q2, with meaningful volume expected in the back half of 2026 and the launch edition built on one shift before adding a second shift later in the year. The R2 has a $45,000 base price but the launch edition will likely cost more; early reviews are positive and position the R2 as a Tesla Model Y challenger.
Read at insideevs.com
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