Rivian’s long-term product strategy excludes extended-range electric vehicles (EREVs) and hybrids, aligning with its vision for an all-electric future. The company focuses on pure electrification, emphasizing the midsize SUV segment with upcoming models R2 and R3. Rivian carries a Zacks Rank #2 (Buy), outperforming industry peers like Lucid and Tesla.

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Read more at Nasdaq: How Will Rivian Compete While Avoiding Hybrid or EREV Models?