02:57 PM EST, 03/07/2024 (MT Newswires) -- Rivian Automotive ( RIVN ) on Thursday unveiled R2, R3 and R3x vehicles built on its new midsize platform.

R2 is a mid-size sports utility vehicle, with pricing expected to start around $45,000. It is now available for reservation in the US and deliveries are expected to begin in H1 of 2026, the company said.

Deliveries of midsize crossover R3 and its performance variant R3X are expected to begin after R2, the company said, adding that R3 will be priced below R2.

Shares of the company jumped more than 13% in recent trading.

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