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Rivian Launches R2 Production, Prices $48K-$58K, 20K-25K Deliveries

5/24/2026

Summary

Rivian Launches R2

Rivian began R2 production at its Normal, Illinois plant in April, targeting 20,000-25,000 deliveries.
Prices start at $48,490 for the Standard, $53,990 for the Premium (adding dual-motor AWD, Torch flashlight, premium audio), and $57,990 for the Performance (656 hp, 0-60 mph in 6 seconds, optional Autonomy+ for $2,500 and Tow Package for $950).
Financing is $1,100 per month for five years at 5 % interest, or $1,050 per month for the Launch Package version.

Summary

Rivian Debuts Performance

Rivian executives say the R2 Performance model is crucial to the company’s long-term success and signals a shift to a broader market.
The Performance trim will launch in early 2026, the Premium version in late 2026, and the Standard version in 2027.
With 656 hp, 609 lb-ft of torque and dual-motor AWD, the R2 Performance challenges the Ford Mustang Mach-E and Tesla Model Y as the most powerful American-made SUV of 2025.

History

Historical Context

In June 2012 Tesla began production of the Model S, its second vehicle, at the former NUMMI plant in Fremont, California, after acquiring the factory from GM and Toyota. The sedan shipped 2,650 units in its launch year and reached 50,366 sales in 2015, becoming the world’s best-selling plug-in electric car and prompting legacy makers to accelerate EV programs.

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Rivian Launches R2

Rivian began R2 production at its Normal, Illinois plant in April, targeting 20,000-25,000 deliveries.
Prices start at $48,490 for the Standard, $53,990 for the Premium (adding dual-motor AWD, Torch flashlight, premium audio), and $57,990 for the Performance (656 hp, 0-60 mph in 6 seconds, optional Autonomy+ for $2,500 and Tow Package for $950).
Financing is $1,100 per month for five years at 5 % interest, or $1,050 per month for the Launch Package version.

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