March 23, 2023

Rivian delivered a skosh in excess of 1,000 electric vehicles in 2021

U.S. electric automaker Rivian detailed Monday it delivered 1,015 vehicles in 2021 — a figure that is in accordance with assumptions that the organization brought down the month before.

Rivian conveyed 920 vehicles before the finish of 2021, as indicated by a delivery gave Monday. The creation and conveyance numbers joined with a WSJ report that Rivian’s COO left the organization last month sent offers down. Rivian shares shut 5.6% lower Monday to $81.44; shares fell another 3.3% in post-retail exchanging.

Rivian has in excess of 71,000 pre-orders for its R1T pickup trucks, as per its letter to investors posted in December.

Rivian had at first designated creation of 1,200 vehicles before the year’s over. Last month, organization leaders including CEO RJ Scaringe cut those assumptions, saying it would probably fall a couple hundred vehicles short because of store network issues and difficulties of battery creation.

During its income bring in December, Scaringe alluded to creation as a mind boggling ensemble on two events.

So you have many providers giving a large number of parts, a great many robots inside the creation office working to recommend developments, and afterward huge number of colleagues gathering and attempting to assemble the vehicles.

Notwithstanding that brought down target

Scaringe noted during that call that the organization is sloping to a great extent true to form.

The battery limitation is actually an antiquity of simply raising an exceptionally mechanized line, he said in December. What’s more as I said, that doesn’t address any drawn out difficulties for us. We have a subsequent line that is coming on that will put the battery module creation far out in front as far as limit of different region of the plant.

As Rivian competitions to slope creation, set up automakers GM and Ford are getting ready to send off their own electric pickup trucks. Portage said January 4 it will almost twofold creation limit of its forthcoming electric F-150 Lightning pickup truck to 150,000 vehicles per year by mid-2023 because of client interest. The primary conveyances of F-150 Lightning pickup trucks are normal in spring 2022.