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Story summary
- Rivian will launch the R2 all-electric SUV this spring, offering a $58,000 edition with a 330-mile range and 656 horsepower.
- The base model costs $45,000 and arrives late 2027.
- Rivian Chief Executive Officer RJ Scaringe says the R2 is crucial for the company's future.
- Analysts view the R2 as a pivotal moment for Rivian amid losses and declining demand for its R1 models.
