Rivian Automotive (RIVN) 2026 Baird Global Consumer, Technology & Services Conference summary

Product launches and market strategy

• External deliveries and test drives of the R2 begin June 9, with nationwide showroom and service center experiences planned.

• R2 leverages design and technology efficiencies from Gen 2 R1, aiming for lower costs and broader appeal.

• R2 targets the large, fast-growing five-passenger SUV and crossover market in the U.S. and EMEA, with future global expansion planned.

• R3 and additional variants will share the midsize platform, with production at the Georgia facility underway.

• The Rivian Adventure Network has nearly 1,000 chargers at 145 North American locations, with plans for continued expansion and adoption of NACS and CCS standards.

Manufacturing and operational efficiency

• Normal, Illinois facility has 215,000-unit capacity across three vehicle programs; R2 assembly supports 155,000 units annually, starting with a single shift and streamlined vehicle assortment.

• Georgia facility's first phase increased to 300,000 units, supported by a $4.5 billion DOE loan, optimizing CapEx per unit and cost of capital.

• R2 manufacturing improvements include a structural battery pack, large die castings, and a lighter vehicle, enhancing efficiency and reducing costs.

• Mind Robotics investment aims to advance industrial manufacturing through physical AI, supporting future production capabilities.

Partnerships and technology monetization

• Volkswagen joint venture brings $5.8 billion, shared R&D (75% VW, 25% Rivian), and sourcing leverage, with further capital tranches expected through 2027.

• Amazon partnership continues to scale EDV deliveries, with new variants for rural routes and ongoing infrastructure expansion.

• Uber partnership accelerates L4 autonomy development, with Uber purchasing up to 50,000 robotaxi units and associated software subscriptions.

• Technology stack designed for scalability and potential licensing or monetization with other OEMs, leveraging proof points from Volkswagen and Uber collaborations.