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Rivian has raised its 2026 electric vehicle delivery guidance from 62,000 to 65,000-70,000 units, driven by stronger-than-expected second-quarter production and the launch of its new midsize SUV, R2. The company, which is building a factory near Atlanta, plans to expand capacity at its Georgia plant

Rivian CEO RJ Scaringe warns that memory chip shortages driven by AI demand threaten the launch of the company's crucial R2 SUV. The R2 represents Rivian's most important product yet, targeting the mass market with strong early demand. This warning highlights the severe challenges facing the semicon

Rivian CEO RJ Scaringe has raised concerns about the potential impact of ongoing memory chip shortages on the production of the company's new R2 SUV, a vehicle positioned to expand its market reach. While demand for the $50,000 R2 is strong, Scaringe emphasized that supply chain constraints are the

Rivian CEO RJ Scaringe has raised concerns about the impact of ongoing memory chip shortages on the production and delivery of the company's new R2 electric SUV. While the vehicle is priced competitively and expected to expand market reach, the main risk lies in supply chain constraints, particularl