Workers examine a Rivian R1T electrical lorry (EV) pickup on the assembly line at the business’s production center in Normal, Illinois, US., on Monday, April 11, 2022.
Jamie Kelter Davis|Bloomberg|Getty Images
Electric lorry maker Rivian Automotive stated Monday that it produced over 7,000 cars in the 3rd quarter, its greatest quarterly overall to date.
The business likewise verified that it stays on track to produce 25,000 cars in 2022.
Shares of Rivian were up about 7% in after-hours trading following the news. The stock had actually closed more than 3% lower throughout the routine trading session.
Rivian stated in a declaration that it produced an overall of 7,363 cars at its Illinois factory in the 3rd quarter, which 6,584 cars were provided to its clients throughout the duration.
Rivian presently makes the R1T pickup, the R1S SUV and shipment vans for Amazon at its factory in Normal,Illinois The business didn’t break out production or shipment by design.
Rivian had actually initially anticipated to develop 50,000 cars in2022 But it cut in half that assistance in March, stating at the time that worldwide supply-chain problems had “added a layer of complexity” to its strategy to increase production.
The business verified Monday that it still anticipates fulfill that objective of 25,000 this year.
Year to date, through the 3rd quarter, Rivian has actually produced 14,317 cars.
