LG Energy Solutions will supply Rivian with its 4695 cylindrical batteries for the upcoming R2 electric SUV, marking a significant advancement in battery technology for the EV maker. These batteries, boasting six times the energy capacity of Rivian’s current 2170 cells, will be manufactured in the U.S., aligning with the Inflation Reduction Act and potentially qualifying the R2 for tax incentives.
LG’s 4695 Battery: A Game Changer for the R2
The partnership between Rivian and LG Energy Solutions signifies a crucial step towards producing a more affordable and efficient electric SUV. The 4695 battery’s larger size translates to a substantial increase in energy storage, promising a longer range and enhanced safety features compared to its predecessor. This aligns perfectly with Rivian’s goal of making the R2 its most accessible mass-market model.
Made in America: Supporting the IRA and Streamlining Production
Production of the 4695 batteries will begin at LG’s Arizona plant within the first year, before being shipped to Rivian’s Illinois facility for integration into the R2. This domestic production strategy adheres to the Inflation Reduction Act (IRA), potentially making the R2 eligible for a $7,500 tax credit, further enhancing its affordability. Moreover, Rivian anticipates a 45% improvement in battery pack assembly processing compared to the R1 platform, thanks to the new battery design.
Rivian R2: Performance and Affordability Combined
With preorders already open and deliveries slated for the first half of 2026, the R2 is generating considerable excitement. Priced at $45,000, Rivian aims to position the R2 as its most accessible EV, drawing comparisons to Tesla’s Model 3. However, in terms of pricing, the R2 will compete directly with vehicles like the Tesla Model Y and Hyundai Ioniq 5.
A Closer Look at the R2’s Specs and Features
The R2 promises impressive performance figures, with a 0-60 mph acceleration time of under 3 seconds and an estimated range exceeding 300 miles. It also boasts advanced technology, including automated driving capabilities and unique features like a fold-down rear window for an open-air driving experience.
Conclusion: A Promising Future for Rivian and the EV Market
The collaboration between Rivian and LG Energy Solutions on the R2 represents a significant leap forward in electric vehicle technology. The US-made 4695 battery’s enhanced energy capacity, coupled with the R2’s competitive pricing and impressive features, positions it as a strong contender in the growing EV market. This partnership not only supports the goals of the Inflation Reduction Act but also paves the way for more affordable and efficient electric vehicles in the future.
