Rivian CEO RJ Scaringe revealed details about the upcoming entry-level model, the R2, which will feature a next-generation network architecture and cost-cutting measures. The R2 will be unveiled in early 2024 and will be powered by electric motors based on the Enduro motor platform. Rivian plans to offer unique styling and a smaller, more condensed package, similar to the R1S and R1T models. The company has seen a 50% production increase in Q1 2023, with a gross profit per vehicle of $35,000. Read More CarBuzz