The $45,000 EV That Could Change Everything: Latest Rivian R2 Details Unveiled
According to Rivian, its in-house design studio spent hundreds of hours creating sketches to form the R2. Rivian described the design studio as a space where creativity meets feasibility, and one of its primary challenges with the R2 was acknowledging and working with its cost constraints without compromising appeal. The automaker's design studio works on and approves solitary segments ahead of time so that there are "no surprises at the end," with smaller elements like a glovebox receiving high amounts of individual attention.
The powertrain test lab's highlights featured a closer look at Maximus, Rivian's in-house next-generation drive unit primarily serving in its upcoming R2 and R3. Improvements from the last drive unit, Enduro, include Maximus' smaller size, lighter weight, lower cost, and simpler manufacturing from reducing its fasteners by 30%. Maximus' inverter converting direct current (DC) energy to alternating current (AC) energy is now side-mounted, providing additional clearance for the lower R2. Rivian noted that the R2's drive unit uses a continuous winding e-machine, generating higher performance and further simplifying manufacturing by reducing the number of welds.
According to its manufacturer, Enduro is 40% more power-dense than its predecessor, much cheaper, and easier to build-all of which facilitate scaling, something Rivian struggled with while producing its R1T and R1S models. Rivian said Enduro was its first drive unit to go immediately to hard tooling, meaning it went straight from digital designs and engineering to building production-ready manufacturing tools used for high-volume creation. Maximus is undergoing month-long testing in extreme high and low temperatures along with simulated rainfall conditions.
Rivian's electrical lab works on the R2's stack, or integrated hardware and software acting as the vehicle's brain. The automaker has spent the last few years vertically integrating its tech, and zonal architecture organizing electronics by location helps it design a stack entirely in-house.
Rivian uses a midsize platform lab car for active R2 development and testing, where it can evaluate harnessing, endpoint devices, and everything on the low-voltage side that code from the SUV's brain touches. A Rivian mule bridges the midsize platform lab car stage and design validation builds just before mass production. One of Rivian's mules, 3.2, shows seats, screens, motors, and more that will be represented on the design validation build while still allowing design accessibility.
Last month, reports emerged that Rivian remains on track to sell the R2 for $45,000. A newly completed extension will house R2 production at the automaker's Normal, Illinois plant. LG Energy Solution's batteries for the R2 will initially come from South Korea before being sourced from LG Energy Solution's new Arizona factory.
Copyright 2025 The Arena Group, Inc. All Rights Reserved.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
14 hours ago
- Yahoo
E-Cite Motors (VAPR) Outpaces EV Industry in Stock Performance This Week and YTD
E-Cite Motors (VAPR) Outperforms Tesla (TSLA), Rivian (RIVN), and Lucid Motors (LCID) in Weekly and Year-to-Date Stock Gains Amid Breakthrough Technologies and Strategic U.S. Expansion BOTHELL, WA / / August 1, 2025 / E-Cite Motors Group (OTCID:VAPR), an emerging electric vehicle manufacturer, today announced that its stock has dramatically outperformed major electric automakers over the past week and year-to-date. E-Cite's share price closed at $0.0112 on Friday, August 1, up roughly 12% from Monday's $0.0100 opening price. This weekly gain stands in stark contrast to declines in leading EV stocks such as Tesla (NASDAQ: TSLA), Rivian (NASDAQ: RIVN), and Lucid Group (NASDAQ: LCID) during the same period. Tesla's stock fell from about $325 on July 28 to $303 by Aug. 1 (approximately, 7% change), while Rivian slipped roughly, 8% (from $13.78 to $12.60), and Lucid dropped roughly, 12% (from $2.79 to $2.46) over the week. Year-to-date, E-Cite's momentum is even more pronounced. Since January 1, 2025, VAPR shares have nearly doubled in value, rising from around $0.0057 at the start of the year to $0.0112 today (an increase on the order of +96%). In comparison, many EV peers have struggled: Tesla stock is down about 24% for 2025 (opening the year near $379 and recently trading around $308), Lucid has declined roughly 18% YTD, and Rivian remains roughly flat with a modest ~3% dip year-to-date These figures underscore that E-Cite (VAPR) has delivered industry-leading returns for investors so far this year, outpacing even the largest EV manufacturers in percentage gains. Switch Auto Insurance and Save Today! Affordable Auto Insurance, Customized for You The Insurance Savings You Expect Great Rates and Award-Winning Service "This exceptional stock performance reflects the unique advantages and progress E-Cite has achieved," said Barry Henthorn, CEO of E-Cite Motors. "We benefit from a special low-volume manufacturing exemption that lets us bring vehicles to market faster and more efficiently than traditional automakers, and our recent technological and strategic milestones are resonating with investors." E-Cite operates under the U.S. Low Volume Manufacturers Act, giving it a government exemption from certain costly certification requirements that burden traditional OEMs. Notably, E-Cite's vehicles are produced under a low-volume manufacturing exemption, allowing the company to bypass extensive crash-testing delays and expenses while still meeting all safety and regulatory standards. This streamlines development and approval, enabling E-Cite to deploy new models faster and more efficiently than any traditional OEM, a significant competitive edge that investors recognize. By accelerating time-to-market for its electric vehicles, E-Cite can capitalize on market opportunities more quickly than legacy manufacturers encumbered by bureaucracy. Recent product breakthroughs and strategic initiatives from E-Cite Motors have further bolstered market confidence. Earlier this month, the company unleashed a next-generation electric driveline for its upcoming American sports cars, doubling performance metrics and setting new benchmarks. The newly unveiled Zero Emissions electric motor spins up to 26,000 RPM (in performance trim), an astonishing leap from the previous 12,000 RPM, and delivers a face-melting 4,000 Nm of torque. This advanced powertrain, paired with dual high-density 90 kWh battery packs, will power E-Cite's EV-GT, EV-C3, and EV-DT models, all built on a common modular aluminum chassis. "The new motor's RPM increase from 12k to 26k is a game-changer," CEO Henthorn noted, emphasizing that it enables blistering acceleration and higher top speeds in a compact, lightweight package." Legendary designer Gene Langmesser, E-Cite's COO, added that "the company's revolutionary chassis was engineered for adaptability, allowing rapid integration of such upgrades across models and giving E-Cite agility that legacy OEMs can't match." In addition to cutting-edge technology, E-Cite is leveraging iconic designs to capture the imagination of enthusiasts. This July, the company announced it has secured the design and production rights to the famed 1954 Kaiser-Darrin sports car, an American classic renowned for its elegant lines and distinctive "pocket" doors that slide into the fenders. E-Cite will resurrect this legend as the all-electric EV-DT "Dutch Touch" model, preserving the Kaiser-Darrin's timeless styling (including the signature sliding doors) while infusing it with state-of-the-art electric performance. "The Kaiser-Darrin is not just a car, it's rolling sculpture," said Gene Langmesser, the vehicle's revival designer and E-Cite's COO, calling the opportunity to modernize it with electric power "a dream come true". The EV-DT will share E-Cite's proprietary chassis and driveline with the brand's other models, ensuring that beneath the retro bodywork lies the full might of E-Cite's latest EV technology. E-Cite's ambition extends to redefining the electric pickup truck segment as well. In June, the company revealed details of its upcoming RJ9 electric pickup, which boasts an unprecedented 900+ mile total range - the highest of any production pickup in the world, whether electric or gasoline. This extraordinary range is achieved via an extended-range EV (EREV) system pairing a 40-kWh battery with a small onboard generator, giving approximately 140 miles of pure electric driving plus hundreds more on generator power. The RJ9's specs are game-changing: 0-60 mph in under 5 seconds, dual-motor AWD, and rapid DC fast-charging (20% to 80% in just 26 minutes). Equally impressive are its luxury features, from zero-gravity massage seats to panoramic displays, which elevate it to an unrivaled level of comfort and tech in the truck category. E-Cite openly touts that the RJ9 will surpass Tesla's Cybertruck, Rivian's R1T, and Ford's F-150 Lightning not only in driving range but in premium appointments, "raising the bar for the entire truck industry". Crucially, the RJ9 will also take advantage of E-Cite's low-volume exemption, allowing the company to bring this advanced truck to market swiftly while meeting all safety requirements. Beyond vehicle development, E-Cite Motors has made strong commitments to American manufacturing that position it favorably amid shifting economic winds. The company recently announced a strategic initiative to dramatically increase its U.S.-based production and sourcing. Key components for E-Cite's vehicles, including body panels, lighting systems, wheels, battery enclosures, chassis assemblies, and even advanced glass, will be sourced from domestic suppliers going forward. This reshoring effort, driven by rising import tariffs and growing consumer demand for American-made EVs, is expected to optimize E-Cite's supply chain, shorten delivery timelines, and enhance production flexibility. E-Cite is currently in the final stages of site selection for expanded U.S. assembly plants, narrowing down locations and finalizing plans for new assembly operations to be announced later this quarter. "As the economic environment in the U.S. becomes more conducive to advanced manufacturing, E-Cite is proud to bring more of our production home," Henthorn said, underscoring that investing in American jobs and infrastructure is a win-win for the company and its customers. "By expanding domestic manufacturing, E-Cite aims to further differentiate itself from competitors while ensuring capacity to meet the anticipated demand for its vehicles." About E-Cite Motors Group (OTCID:VAPR): E-Cite Motors Group is a next-generation electric vehicle manufacturer redefining the American automobile by producing premium EVs that combine timeless design with groundbreaking performance. Unlike traditional automakers, E-Cite employs a modular EV platform that allows for rapid development, high efficiency, and reduced environmental impact. E-Cite's vehicles are developed under a low-volume manufacturing model, enabling the company to bypass certain regulatory hurdles and accelerate delivery of innovative models to consumers. From modernized classic sports cars to record-breaking electric trucks, E-Cite is committed to "leading the EV evolution through innovation, agility, and intelligent design". The company is headquartered in Bothell, Washington, and is majority owned by Innovative EV Technologies, Inc. Contact: Innovative EV Technologies, Inc. dba E-Cite MotorsEmail: ceo@ SOURCE: Innovative EV Technologies dba E-Cite Motors View the original press release on ACCESS Newswire
Yahoo
a day ago
- Yahoo
Should You Buy Rivian While It's Below $15?
Key Points Rivian makes electric trucks for both consumers and businesses. The company is about to introduce a lower-priced vehicle for consumers. Cost improvements are paving the way for a brighter future at the bottom of the income statement. 10 stocks we like better than Rivian Automotive › Rivian (NASDAQ: RIVN) has a problem at the bottom of its income statement. And that problem, red ink, is likely to continue to be an issue for a while longer. But there are signs of material progress at this electric vehicle (EV) maker that investors should watch closely. In fact, the company's progress toward black ink could speed up very soon. What does Rivian do? Rivian makes EV pickups, vans, and SUVs for both the commercial and consumer markets. It is, basically, an upstart electric vehicle company, trying to copy some of the success that Tesla (NASDAQ: TSLA) has achieved. The key difference is that the company is focused more on larger vehicles like SUVs, which are particularly popular in the U.S. market. Breaking into the automotive business is no small task, given that the industry is filled with long-entrenched giants. Virtually all of the major auto companies are building EVs now. And then there's the huge upfront costs associated with an industry that is highly capital-intensive and highly regulated. Tesla proved it can be done, but it did that when there was basically no competition in the EV space. Rivian has achieved a lot That said, Rivian has made a huge amount of progress as a company, hitting key milestone after key milestone. It hasn't been a smooth path. Few businesses manage to fly higher in a straight line. But, overall, Rivian has been doing very well. At this point, the company has a successful commercial product and a successful consumer product. On the commercial side, a partnership with Amazon helped to fund Rivian's early development efforts. And now the EV maker is looking to expand its commercial business, selling delivery trucks to more customers. The big news, however, is on the consumer side. After ramping up its production capacity, Rivian retooled its factory and upgraded its SUVs. The key outcome was that it was able to reduce costs to the point where it turned a modest gross profit in the fourth quarter of 2024. That was the target, with the feat repeated in the first quarter of 2025. This only means that Rivian made more money selling EVs than it cost to build those EVs. It is still losing money because of the other costs associated with the business, including R&D and SG&A -- which is where the next big step comes in. To date, Rivian has focused on higher-end pickups and SUVs. It is getting set to introduce the R2, a lower-cost, smaller SUV that is expected to have mass-market appeal. Assuming the R2 does, indeed, gain traction, Rivian will be producing more vehicles. And that will allow it to spread its costs over a higher volume of vehicles. The hope is that this will allow the automaker to become sustainably profitable. Notably, this is roughly the same plan that Tesla used to go from being an upstart to an industry leader. Rivian is getting close to the next milemarker So Rivian looks like it may be about to see an inflection point in its business, with the plan for R2 production to start in early 2026. But it has a secret weapon, if you will, as it looks to reach the next big milestone. It has a partnership with Volkswagen in which the giant automaker provides Rivian cash, with the hope that Volkswagen will eventually use Rivian technology in its own cars. Rivian just unlocked an additional $1 billion investment from Volkswagen, funding that will help Rivian get the R2 up and running. And yet Wall Street seems content to watch from the sidelines. To be fair, Rivian is a money-losing start-up taking on industry giants, so taking a "show me" attitude is probably the right approach for most investors. But if you are willing to take on a bit more risk, the stock has been mired at a low level for quite some time. It is currently trading below $15 a share, down more than 90% from its all-time highs despite the success it has been achieving. Getting in now, before the crowd, will allow you to see the full benefit if the R2 launch is as successful as hoped. The likelihood of that outcome appears to be increasing as every quarter passes. Should you buy stock in Rivian Automotive right now? Before you buy stock in Rivian Automotive, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Rivian Automotive wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $638,629!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,098,838!* Now, it's worth noting Stock Advisor's total average return is 1,049% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025 Reuben Gregg Brewer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Tesla. The Motley Fool recommends Volkswagen Ag. The Motley Fool has a disclosure policy. Should You Buy Rivian While It's Below $15? was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
2 days ago
- Yahoo
Short Sellers Are Betting Against This EV Stock, and Shares Are Tearing Higher
Electric vehicle (EV) stocks have been volatile in 2025, driven by clean energy policy changes. While giants like Tesla (TSLA) and Rivian (RIVN) often dominate the headlines, some smaller EV players have become prime targets for short sellers looking to profit from their struggles. However, high short interest can sometimes have the opposite effect, fueling powerful rallies when traders rush to cover their bets. One of the latest examples is Faraday Future Intelligent Electric (FFAI). The stock surged to a new six‑month high on July 24 after a burst of buying activity sent short sellers scrambling. With more than a quarter of its float sold short, Faraday's recent rally has been amplified by meme-style trading momentum. Here's why FFAI's short squeeze is turning heads and what it could mean for investors watching this embattled EV stock. More News from Barchart Morgan Stanley Says Nvidia Has 'Exceptional' Strength. Should You Buy NVDA Stock Here? Dear MicroStrategy Stock Fans, Mark Your Calendars for July 31 2 Growth Stocks Wall Street Predicts Will Soar 74% to 159% Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! About Faraday Future Stock Founded in 2014 and based in California, Faraday Future designs and builds electric vehicles. The company currently has a relatively small market cap of $228 million. Last week, shares of Faraday Future Intelligent Electric surged dramatically amid a wave of retail 'meme' trading, jumping 44% in a single day. Despite this gain, FFAI stock remains down 6.6% year to date, as production delays and cash-burn concerns continue to weigh on investor confidence. Financial Overview Despite its innovative tech, the company is not generating any meaningful revenue yet. In Q1 2025, Faraday reported minor revenue of $300,000 million from two FF 91 vehicle deliveries and a net loss of $43.8 million. The balance sheet remains lean. Unrestricted cash was only $9.5 million as of March 31. Total net assets were $139.8 million, reflecting recent funding. To shore up liquidity, Faraday announced in July 2025 a $105 million financing package consisting mostly of 5-year convertible notes and warrants. Existing institutional backers, notably Master Investment Group, participated in the initial closing of $82 million. This deal should substantially increase cash on hand. Deliveries remain very low. Faraday delivered 10 FF 91s in 2023 and only four in 2024, generating modest lease revenue. In Q1 2025, it delivered two units, one in California and one in New York. No public data exists yet for Q2 deliveries. The Bottom Line Despite the hype, Faraday Future faces major risks. Financials remain weak, with minimal revenue and few cars delivered. The company has received multiple Nasdaq delisting warnings due to its low share price and missed filings. Its 10-Q includes a 'going concern' warning. In 2025, Faraday also received a Wells Notice from the SEC tied to its special purpose acquisition company (SPAC) merger. While meme momentum and product announcements fuel volatility, the business remains unproven. Investors must weigh speculative upside against serious threats. On the date of publication, Nauman Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on