Rivian’s R2 is going to change the landscape and make Rivian a major player in the EV industry. Investors should take notice.
Rivian’s R2 is going to change the landscape and make Rivian a major player in the EV industry. Investors should take notice.
Please, enlighten me.
Globally they are nothing special in price, performance, reliability, or availability.
Rivian is only seen as a contender because of the artificially crippled US sandbox that it plays in.
They have neither the need nor the capacity to expand globally right now. They are, however, growing their production potential greatly and will no doubt expand their reach. 400k vehicles per year will move them beyond the “sandbox”. They have a compelling alternative to the Model Y, and the R3X will be ideal for European markets. Would you deem that insufficient? Their brand is not toxic like Tesla’s.
Sure, there’s a lot of competition from Chinese companies, but Rivian will absolutely get a slice of the pie. You don’t have to believe me, but take an honest look at what they are doing and what it could mean.