Rivian Plans To Make Up To 155,000 R2 SUVs Annually In Illinois

rivan plans to make up to 155,000 are two SUVs annually in Illinois hey there Eevee enthusiasts ready to take a joy ride into the world of electric vehicles with evpedia buckle up because we're about to embark on an electrifying journey together but hold on before we hit the accelerator let's make sure you're part of our EV squat hit that subscribe button faster than a Tesla off the line smash the like button harder than a cybertrucks exoskeleton and drop a comment below that's juicy than a fully charged battery let's turn this channel into the EV Hub of the future one click at a time that's about triple rivan sales last year rivan plans to make up to 155,000 are two SUVs annually at its plant in Normal Illinois the electric vehicle startup set on Tuesday it shows just how much rivan expects the upcoming model to juice its sales and addressable Market in its first quarter earnings report on Tuesday the EV maker said that upcoming upgrades to its Illinois Factory would yield a total production cap capacity of 215,000 units that would include both the future R2 and its current stable of products the r1t pickup truck the r1s SUV and the commercial delivery van that counts Amazon among its commercial customers the R2 revealed in March is absolutely key to rivian's Future the roughly $45,000 crossover SUV hits right at The Sweet Spot of America's car market and takes direct aim at Tesla's popular model y it should attract far more buyers than the comparatively expensive R1 series ever could that's important for rivan's long-term Financial Health to put things into perspective rivan made right around 57,000 Vehicles last year it's planning to do the same this year it seems like production won't improve meaningfully until our two production is in full swing then rivan expects sales to take off pretty much exclusively on the back of the R2 still rivan will have some flexibility in how it achieves that 215,000 units of production explained Company CFO CLA MCD the plant will be set up to produce a maximum of 85,000 R1 Vehicles a maximum of 65,000 commercial Vans and the aforementioned 155,000 are 2s she said so the company will be able to flex manufacturing capacity on various production lines to meet demand in the US the only electric vehicles with more than 155,000 annual sales are the Tesla Model Y and model 3 as noted by Bloomberg nef EV analyst Cory caner on social media but remember the R2 is destined for Global markets so rivan may very well pull off those kinds of numbers well fellow EV afficianados that's a wrap for today's electrifying Adventure thanks for joining us on this ride but hey the fun doesn't stop here keep those likes subscribes and comments coming in like a convoy of electric cars on a mission together we'll charge ahead into a brighter cleaner future until next time keep those wheels turning and those electrons flowing stay charged my friends