Market Data 
Rivian unveiled an updated second generation of its flagship R1T electric pickup truck and R1S SUV on Thursday, featuring a host of technical improvements and two new powertrain options with more power and range.
Based on Rivian’s estimated performance figures, versions of the second-generation R1 platform now boast faster acceleration and substantially more range than Tesla’s Cybertruck.
With that said the R1’s external styling, which launched in 2021, remains largely unchanged.
“We continue to evolve our flagship R1 vehicles, offering quality and performance without compromise,” said RJ Scaringe, Rivian CEO and founder. “Our revamped R1S and R1T push the technical boundaries further, creating our most capable products to date.”
The updated R1 follows the launch of Rivian’s upcoming R2 and R3 SUVs in March. In April, Rivian temporarily paused production to retool its Normal, Illinois factory ahead of the arrival of new models and amid lower demand for EVs.
