The business is also working on more inexpensive R2 electric trucks, which it wants to mass-produce, although they won’t be available until 2026. Rivian will produce the such vehicle in a $5 billion plant in Georgia.
“Continuing to improve our operating efficiency on our path to profitability is a core objective and requires us to concentrate our investments and resources on the highest impact parts of our business,” Scaringe stated. “The changes we are announcing today reflect this focused roadmap.”
