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Rivian (RIVN) set to score extra incentives for bringing R2 production to Illinois

Baua Electric

After announcing that R2 production will kick off in Illinois, Rivian (RIVN) is poised to earn additional incentives with plans to expand its Normal EV plant. Meet Rivian’s more affordable R2 electric SUV Rivian unveiled its compact, more affordable R2 electric SUV last week at its new Laguna showroom. Rivian family.

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Rivian aims for 155,000 of its $45,000 R2 electric SUVs in Illinois

Baua Electric

Just after the reveal of its more affordable R2, R3, and R3X models in March, Rivian announced plans to rejigger its production capacity at its existing plant in Illinois, to accommodate the R2 electric SUV at that plant instead of an even larger one in Georgia that remains on the drawing board.

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Kia will beat Rivian and Tesla into affordable mass-market EVs

Baua Electric

Although Rivian and Tesla are making headlines with planned expansions into mass-market electric vehicles, Kia is set to launch two affordable EVs of its own. More affordable EVs are coming Rivian unveiled its highly anticipated R2 electric SUV Thursday. One of them, the Kia EV3, is expected to launch by the end of the year.

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Rivian lays off workforce for the second time in 2024

Teslarati

In February 2023, Rivian laid off 6% of its workforce after pressure from EV rivals who significantly cut prices. Some analysts believe the future of the EV market lies in more affordable and reliable electric vehicles. In February, Rivian laid off 10% of its salaried workers, explaining that it was optimizing cost efficiencies.

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This Electric Fiat Spider Carries A $140,000 Price Tag

CleanTechnica EVs

Like many car enthusiasts, I spend more than my fair share of time idly perusing my local classifieds and hoping that I might — just might — one day find that perfect example of my dream car at a shockingly affordable price. Maybe some other poor bastard died and his widow is selling his 1991 […].

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Rivian expected to layoff 6% of workforce following pressure from EV rivals

Teslarati

Rivian ( NASDAQ: RIVN ) is expected to layoff six percent of its workforce following pressure from EV rivals, which have cut prices significantly already in 2023, putting pressure on electric vehicle makers attempting to reach profitability. Musk offered additional advice in mid-2022: “That affordability threshold is very important.

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Rivian to focus on nickel-free LFP batteries for Amazon delivery van, Standard battery pack

Teslarati

The Illinois-based EV manufacturer plans to use the LFP cells in its Standard battery packs and the Rivian Commercial Van (RCV) — otherwise known as the all-electric Amazon delivery van. Rivian believes that the LFP Standard battery pack will offer consumers a more affordable entry price.

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