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Wednesday 1 March 2023
Rivian Says It Expects To Build 50,000 Vehicles This Year
Rivian plans to build 50,000 vehicles this year, significantly less than many analysts had expected, and largely because of supply chain issues.
During the company’s letter issued to shareholders for the fourth quarter of 2022, the electric vehicle startup noted that it produced 10,020 vehicles in Q4 and delivered 8,054 vehicles.
It added that the “supply chain continues to be the main limiting factory of our production” and said that challenges will persist into 2023. However, Rivian does expect supply chain shortages to be more predictable this year.
Read the whole story on carscoops.com