Rivian Produced 7,363 Vehicles in Q3 2022
October 03 2022 - 4:39PM
Business Wire
Rivian Automotive, Inc. (NASDAQ: RIVN) today announced
production totals for the quarter ending September 30, 2022. The
company produced 7,363 vehicles at its manufacturing facility in
Normal, Illinois and delivered 6,584 vehicles during the same
period.
These figures remain in line with the company’s expectations,
and it believes it is on track to deliver on the 25,000 annual
production guidance previously provided.
Forward-Looking Statements:
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. We intend such forward-looking statements to be covered by
the safe harbor provisions for forward-looking statements contained
in Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements contained in this press release that do not relate to
matters of historical fact should be considered forward-looking
statements, including without limitation statements regarding our
production ramp-up and anticipated production levels. In some
cases, you can identify forward-looking statements by terms such as
“may,” “will,” “should,” “expects,” “plans,” “anticipates,”
“could,” “intends,” “targets,” “projects,” “contemplates,”
“believes,” “estimates,” “forecasts,” “predicts,” “potential” or
“continue” or the negative of these terms or other similar
expressions, although not all forward-looking statements use these
words or expressions.
We have based these forward-looking statements largely on our
current expectations and projections about future events and
financial trends that we believe may affect our business, financial
condition, and results of operations. Forward-looking statements
involve known and unknown risks, uncertainties and other important
factors that may cause our actual results, performance, or
achievements to be materially different from any future results,
performance, or achievements expressed or implied by the
forward-looking statements, including, but not limited to, the
important factors discussed in Part II, Item 1A, “Risk Factors” in
our Quarterly Report on Form 10-Q for the quarter ended June 30,
2022, and our other filings with the Securities and Exchange
Commission. The forward-looking statements in this press release
are based upon information available to us as of the date of this
press release, and while we believe such information forms a
reasonable basis for such statements, such information may be
limited or incomplete, and our statements should not be read to
indicate that we have conducted an exhaustive inquiry into, or
review of, all potentially available relevant information. These
statements are inherently uncertain, and investors are cautioned
not to unduly rely upon these statements. While we may elect to
update such forward-looking statements at some point in the future,
we disclaim any obligation to do so, even if subsequent events
cause our views to change.
About Rivian:
Rivian exists to create products and services that help our
planet transition to carbon neutral energy and transportation.
Rivian designs, develops, and manufactures category-defining
electric vehicles and accessories and sells them directly to
customers in the consumer and commercial markets. Rivian
complements its vehicles with a full suite of proprietary,
value-added services that address the entire lifecycle of the
vehicle and deepen its customer relationships. Learn more about the
company, products, and careers at www.rivian.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20221003005975/en/
Investors: ir@rivian.com
Media: Amy Mast, media@rivian.com
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