Wednesday, July 24, 2024

Rivian produced 7,363 R1T electric pickup trucks and R1S electric SUVs in Q3

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Rivian seems to be on the right track in the production and delivery of their electric vehicle after experiencing some difficulties a few months ago.

In the third quarter of this year, the electric vehicle maker produced 7,363 R1T pickup trucks and R1S SUVs. In the same quarter, Rivian said it had delivered 6,584 vehicles of them.

The company’s shares rose after announcing a record number of electric vehicle shipments in the third quarter and supporting its target to produce 25,000 vehicles this year.

Of the three running quarters, the company has produced 14,317 EVs, meaning it had to make more than 10,000 over the last three months of the year to reach its target.

Reaching that 25,000 mark by the end of the year means a 75% increase on their current production.

Rivian itself halved its annual production target from 50,000 units in March, due to supply chain issues.

Rivian’s current portfolio of electric vehicles is the R1T electric pickup truck, the R1S electric SUV and the electric delivery van for Amazon.

Rivian gets the green light for sell its electric vehicles in Canada, report says

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