Rivian To Build 25,000 EVs This Year, Has Secured 10,000 Reservations Since Price Hike | Carscoops carscoops
had originally planned to produce 50,000 vehicles in 2022 prior to the supply chain interruptions. Importantly, it had over 90,000 preorders for its R1T and R1S models as of May 9 and even though the company jacked up prices by $14,500 back in March, it has received over 10,000 preorders in the months since for the U.S. and Canadian markets with an average price of over $93,000.
Rivian also finalized its plans to establish a factory in Georgia. The company has received no less than $1.5 billion in state and local government incentives for the site and will create 7,500 jobs at the factory as well as an additional 8,000 indirect jobs. This new site will produce Rivian’s forthcoming ‘R2’ models, including a more “accessibly priced mid-sized SUV targeting global markets.”produced 2,553 units and delivered 1,227 vehicles, generating $95 million in revenue.
“We remain focused on ramping production throughout 2022,” Rivian added in its letter. “We believe that the supply chain constraints will continue to be the limiting factor of our production. Based on the demonstrated production rates and progress we have seen in our facility, we believe if all supply constraints were resolved, our plant would have the ability to run at two times the currently expected output for the remainder of 2022.
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