Rivian Unveils New Electric Auto Models in California Event

The electric-auto maker Rivian has unveiled three new models, the R2, R3, and R3X, at an event in California. The R2, the smallest and most affordable option, will be released first, offering a base model price of around $45,000 and capable of 300 miles of range. The success of these new vehicle releases will be crucial to Rivian's future, as it strives to address production challenges and achieve profitability in the competitive electric vehicle market. These new models aim to appeal to a broader consumer base with more affordable options compared to its previous offerings, signaling Rivian's efforts to expand its market reach and position in the industry.