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Story summary
- Rivian plans to launch the R2 SUV at $45,000 with a 300+ mile range.
- The R2 will use a new platform shared with the upcoming R3 for U.S. and European markets.
- Production is expected to begin in the first half of 2026, with deliveries by June 2026.
- RJ Scaringe, Rivian's chief executive officer, emphasized the R2's profitability.
- Rivian's stock declined amid concerns about production delays and financial stability.
