Rivian says it’s on track to deliver 25,000 vehicles this year


Rivian said Wednesday that the company produced 4,401 vehicles at its plant in Normal, Illinois, and shipped 4,467 vehicles for the quarter ended June 30.

“These numbers remain in line with the company’s expectations and it believes it is on track to meet the 25,000 annual production expectations previously provided,” Rivian said in a statement.

In the first quarter of 2022, Rivian produced 2,553 vehicles and delivered 1,227. That includes a mix of the Rivian R1T pickup, R1S SUV, and the EDV commercial electric vans it makes for Amazon.

The numbers show that Rivian broke the trend of Tesla and other EV makers in the first half of the year. On Saturday, Tesla reported that its deliveries fell quarter-on-quarter for the first time in two years.

Tesla said it shipped 254,695 electric vehicles worldwide in the second quarter, down nearly 18% from the 310,048 deliveries reported for the first quarter of the year. The automaker said supply chain restrictions and the COVID-19-induced shutdowns of its China Gigafactory have hampered growth.

Lucid has reduced its production forecast for 2022 to 12,000 to 14,000 units, less than its original plan to build 20,000 vehicles.

Rivian, which launched late last year in one of the largest IPOs in US history, said in May that it had set itself the goal of eventually owning more than 10% of the global market.

The automaker’s top priority this summer is to ramp up production at its Normal, Illinois plant by introducing a second shift. It also plans to break ground on a $5 billion facility in Georgia, which has awarded the automaker the largest-ever $1.5 billion stimulus package from the state.