Rivian production grows 67% in 3Q, confirms 2022 goals

Workers examine a Rivian R1T electrical car (EV) pickup truck on the meeting line on the firm’s manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022.

Jamie Kelter Davis | Bloomberg | Getty Images

Electric car maker Rivian Automotive mentioned Monday that it produced over 7,000 autos in the third quarter, its highest quarterly complete up to now.

The firm additionally confirmed that it stays on monitor to provide 25,000 autos in 2022.

Shares of Rivian had been up about 7% in after-hours buying and selling following the information. The inventory had closed greater than 3% decrease through the common buying and selling session.

Rivian mentioned in an announcement that it produced a complete of seven,363 autos at its Illinois manufacturing facility in the third quarter, and that 6,584 autos had been delivered to its prospects through the interval.

Rivian at present makes the R1T pickup, the R1S SUV and supply vans for Amazon at its manufacturing facility in Normal, Illinois. The firm did not get away production or deliveries by mannequin.

Rivian had initially anticipated to construct 50,000 autos in 2022. But it halved that steerage in March, saying on the time that international supply-chain points had “added a layer of complexity” to its plan to extend production.

The firm confirmed Monday that it nonetheless expects meet that purpose of 25,000 this 12 months.

Year up to now, via the third quarter, Rivian has produced 14,317 autos.

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