Rivian says it’s still on track to produce 25,000 vehicles despite production woes
Moreso than most automakers, Rivian has had a tough 2022. At the start of the year, the company, blaming inflation and component shortages, raised the base price of its quad-motor R1T pickup truck by a whopping $12,000. And while it went on to quickly backtrack, the decision led to a shareholder lawsuit.
Despite those early woes, Rivian says it’s still on track to produce 25,000 vehicles in 2022. The company reiterated the prediction in a statement it shared on Wednesday. Rivian said it built 4,401 R1T trucks, R1S SUVs and Amazon delivery vans at its factory in Normal, Illinois and delivered 4,467 vehicles during fiscal Q2.
“Supply chain and production are ramping,” Rivian CEO RJ Scaringe tweeted after the announcement. “We just announced production of 4,401 vehicles for Q2 bringing our cumulative total since start of production to 7,969 — keeping us on track to reach our year-end goals.”
Supply chain and production are ramping! We just announced production of 4,401 vehicles for Q2 bringing our cumulative total since start of production to 7,969 — keeping us on track to reach our year-end goals. Thank you to our team & suppliers.
— RJ Scaringe …read more