Rivian sold more electric vehicles than ever in the third quarter, thanks in large part to the launch of its new, more affordable R2 SUV.
The company said Friday morning that it built 19,751 vehicles and delivered 19,248. That’s roughly 45% more than it delivered in the same period last year.
While Rivian didn’t break out how many of those were R2 SUVs, this was the first full quarter of sales of the new vehicle after it launched in June. The company said Friday that it will release its full third-quarter financial results on October 29.
Rivian has big plans for the R2, which currently starts at just under $60,000. The company is betting that it will sell between 20,000 to 25,000 R2 vehicles by the end of the year, which would make it one of the fastest-selling EVs in U.S. history — second only to Tesla’s Model Y. Rivian also plans to make cheaper models available that will cost as low as around $45,000.
