Rivian’s R2 Plant Was Struck by a Tornado Weeks Before Crucial Launch

Rivian’s R2 Plant Was Struck by a Tornado Weeks Before Crucial Launch

Gizmodo business

Key Points:

  • Rivian's factory in Normal, Illinois, was damaged by an EF-1 tornado, impacting Building 2 where the new mid-size R2 electric SUVs are produced, leading to a temporary closure of that facility.
  • Despite the damage, Rivian reported no injuries and expects to resume operations in Building 2 within the week, with other facilities continuing as planned.
  • The tornado disruption comes just weeks before the planned spring launch of the R2, a more affordable electric SUV crucial to Rivian's profitability strategy, with an estimated starting price of $57,990 for the performance version.
  • Rivian aims to sell 20,000 to 25,000 R2 vehicles by the end of 2024, and the R2 is also central to Uber's robotaxi plans, with Uber investing $1.25 billion in Rivian and planning to purchase up to 50,000 R2 SUVs for its autonomous fleet.
  • Uber's Rivian R2 robotaxi fleet is expected to debut in San Francisco and Miami in 2028, with expansion to up to 25 cities across North America and Europe by 2031.

Trending Business

Trending Technology

Trending Health