<ul><li>Rivian's CEO, R.J. Scaringe, stated that the R2 program is well underway and the company is producing R2 'validation builds' at 'pilot scale.'</li><li>The R2 crossover is a critical model for Rivian as it aims to put it into production in the first half of 2026, with plans to produce up to 155,000 R2s annually.</li><li>The R2 will cost $45,000, about half the price of Rivian's current models, and is seen as crucial for the company's growth and path to profitability.</li><li>Rivian is optimistic about turning a profit with the R2 more quickly compared to its previous models, with plans to source batteries from the U.S. to ensure a favorable cost structure.</li></ul>

Rivian CEO Says R2 Program Is 'Well Underway'

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