11:23Machine-translated from Azerbaijani by AIRead in Azerbaijani
Rivian R2 Electric SUV Becomes the Company’s Best-Selling Model
The “Rivian R2” was the company’s best-selling vehicle in the third quarter of 2026. The electric SUV, unveiled in June, outsold the “R1T,” “R1S” and “Electric Delivery Van” models. “Rivian” did not disclose separate sales figures for each model. Therefore, it is not known how many “R2” vehicles were delivered to customers.
The company produced 19,751 vehicles and delivered 19,248 vehicles to customers during the quarter. Production increased by 85% and deliveries by 45% compared with last year. In the previous quarter, 12,613 vehicles were produced. The number of vehicles delivered to customers was 12,194. “Rivian” raised the lower end of its annual delivery forecast to 67,000. The upper end remained at 70,000. Total revenue reached $2.155 billion (approximately 3.66 billion manats) in the third quarter. Revenue was $1.558 billion (approximately 2.65 billion manats) in the same period last year. This represented an increase of 38%. Vehicle sales generated $1.55 billion (approximately 2.64 billion manats). Revenue from software and subscriptions was $605 million (approximately 1.03 billion manats). At the same time, the company ended the quarter with a net loss of $913 million (approximately 1.55 billion manats). “Rivian’s” quarterly gross profit rose to $176 million (approximately 299.2 million manats). The automotive division’s gross loss was $130 million (approximately 221 million manats) last year. This figure fell to $80 million (approximately 136 million manats) in the latest quarter. The software and services division generated $256 million (approximately 435.2 million manats). The division’s profit margin was 42%. The technology partnership with “Volkswagen” and “Autonomy Plus” subscriptions had the main impact on the result. The launch of a 2nd production shift at the plant in Illinois also helped increase sales. The “R2” continued to attract new customers even after the $7,500 (approximately 12,750 manats) federal tax credit was eliminated in the US. Emissions credits sold to other automakers were also included in the company’s revenue. Money reimbursed by the government for customs duties was also recorded as revenue. The “R2” went on sale in June with a starting price below $60,000, or less than approximately 102,000 manats. There are conflicting reports about the price of the “Premium” version expected at the end of the year. Some reports list it at $55,485 (approximately 94,320 manats). Other sources put the price at $53,990 (approximately 91,780 manats). A price of $49,985 (approximately 84,970 manats) has been announced for the “Standard Long-Range,” which is expected to launch in 2027. The price of the “Standard” version is listed as $46,495 (approximately 79,040 manats). According to another estimate, the cheapest version could be sold for $44,990 (approximately 76,480 manats).
The company produced 19,751 vehicles and delivered 19,248 vehicles to customers during the quarter. Production increased by 85% and deliveries by 45% compared with last year. In the previous quarter, 12,613 vehicles were produced. The number of vehicles delivered to customers was 12,194. “Rivian” raised the lower end of its annual delivery forecast to 67,000. The upper end remained at 70,000. Total revenue reached $2.155 billion (approximately 3.66 billion manats) in the third quarter. Revenue was $1.558 billion (approximately 2.65 billion manats) in the same period last year. This represented an increase of 38%. Vehicle sales generated $1.55 billion (approximately 2.64 billion manats). Revenue from software and subscriptions was $605 million (approximately 1.03 billion manats). At the same time, the company ended the quarter with a net loss of $913 million (approximately 1.55 billion manats). “Rivian’s” quarterly gross profit rose to $176 million (approximately 299.2 million manats). The automotive division’s gross loss was $130 million (approximately 221 million manats) last year. This figure fell to $80 million (approximately 136 million manats) in the latest quarter. The software and services division generated $256 million (approximately 435.2 million manats). The division’s profit margin was 42%. The technology partnership with “Volkswagen” and “Autonomy Plus” subscriptions had the main impact on the result. The launch of a 2nd production shift at the plant in Illinois also helped increase sales. The “R2” continued to attract new customers even after the $7,500 (approximately 12,750 manats) federal tax credit was eliminated in the US. Emissions credits sold to other automakers were also included in the company’s revenue. Money reimbursed by the government for customs duties was also recorded as revenue. The “R2” went on sale in June with a starting price below $60,000, or less than approximately 102,000 manats. There are conflicting reports about the price of the “Premium” version expected at the end of the year. Some reports list it at $55,485 (approximately 94,320 manats). Other sources put the price at $53,990 (approximately 91,780 manats). A price of $49,985 (approximately 84,970 manats) has been announced for the “Standard Long-Range,” which is expected to launch in 2027. The price of the “Standard” version is listed as $46,495 (approximately 79,040 manats). According to another estimate, the cheapest version could be sold for $44,990 (approximately 76,480 manats).