Rivian Automotive unveiled three new vehicles and announced more than $2 billion in savings related to pausing construction on a plant in Georgia.
Rivian CEO RJ Scaringe unveiled the new R2 SUV and then announced that it will be built at the plant in Normal.
The R2 is expected to start at about $45,000 when it goes on sale during the first half of 2026. The company also announced the R3 and R3X crossovers.
The announcements come at a crucial time for Rivian as it attempts to expand its customer base amid slower-than-expected EV sales in the U.S.
