Image source: Rivian

Automaker Rivian has said it is pausing construction of its Georgia plant, multiple news agencies report.

It comes as the firm looks to cut costs to launch of the R2.        

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

In a filing, reported by Bloomberg, Rivian said the move will save over $2 billion in capital expenditure.

Deliveries of the R2 model will begin in H1 2026, earlier than expected. Planned production will be moved to an existing factory in Illinois.

Earlier this week, CEO RJ Scaringe unveiled the R2, a mid-sized electric SUV, with prices starting around $45,000.

It is approximately $30,000 less than the automaker’s existing SUV.

Just Auto Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Auto Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now