Rivian Automobile plans to boost its production to 18K Vehicle in 2 Half 22

Automobile News Arrow Image Credit: Wikimedia

Rivian Automotive on Thursday reported second-quarter results of $364 million in revenue, reaffirming its guidance of 25,000 annual production.

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The company said that “Supply chain continues to be the limiting factor of our production”.

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[{"selector":"#anim-dd71337e-7a92-4c71-81c4-81f24ba848a6 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Automobile News Rivian produced 4,401 vehicles in the second quarter and delivered 4,467 vehicles. This means that the average pre-order rate accelerated in Q2 2022 compared to Q1 2022.

[{"selector":"#anim-4515160d-a535-4ad1-973f-a2430df27f2d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Automobile News The Rivian team delivered strong results in the second quarter despite a challenging supply chain environment. He has built and delivered over 4,400 R1T, R1S and EDV 700 vehicles.

[{"selector":"#anim-4e37f48a-b8ab-4eac-baf3-2f122df6ba2b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Automobile News Our focus remains on increasing our regular facility to a full installed capacity of 150,000 units. Continue to address supply chain constraints, we are encouraged by the progress we are making.

[{"selector":"#anim-89ea28d0-c825-4241-adf3-05db34e99068 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Automobile News As for commercial business, in July we partnered with Amazon to hold an event to announce the official launch of computing at locations across the country.

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[{"selector":"#anim-4e51bf76-baee-4b49-baa1-5a7aaa5147ef [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":1200,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] Automobile News We are currently driving the expansion of our DC fast-charging network, the Rivian Adventure Network. We believe that providing our customers with a seamless charging experience.

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