Rivian affirms production target as preorders mount

Chase Auto is the private label provider for Rivian Financial Services

The Rivian R1T electric vehicle (EV) pickup truck outside the company's manufacturing facility in Normal, Illinois, US., on Monday, April 11, 2022. Rivian Automotive Inc. produced 2,553 vehicles in the first quarter as the maker of plug-in trucks contended with a snarled supply chain and pandemic challenges.

Photographer: Bloomberg/Bloomberg

Electric vehicle manufacturer Rivian Automotive reaffirmed its production guidance for the full year despite protracted supply chain constraints as preorders continue to ramp. Rivian doubled down on the expectation that it would produce 25,000 units by the end of the year. In Q2, the OEM produced and delivered more than 4,400 vehicles across its R1T, […]

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