Rivian's Scaringe says R2 will help pay huge R&D costs

At the ACT Expo in Las Vegas, Rivian CEO RJ Scaringe said that the coming R2 pickup would help pay for the company's massive R&D budget.

He said that budget was the result of a conscious decision to design and build the majority of items for its trucks and SUVs in-house. Scaringe joined Erik Neandross, president of TRC's Clean Transportation Solutions Group, for a fireside chat reflecting on Rivian's journey and its future.