Rivian Says On Track to Produce 25,000 Vehicles This Year
July 06 2022 - 9:56AM
Dow Jones News
By Dean Seal
Rivian Automotive Inc. said Wednesday that production levels in
its second quarter were in line with expectations and the company
expects to deliver on its forecast of producing 25,000 electric
vehicles this year.
The electric-truck startup said it produced 4,401 vehicles at
its manufacturing facility in Normal, Ill., during the quarter
ended June 30. The company delivered 4,467 vehicles during the same
period.
Rivian said in March it aimed to produce 25,000 vehicles this
year. The company, which went public last fall, produced 1,015
vehicles by the end of 2021.
Shares rose 3.8% to $27.88 in premarket trading.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
July 06, 2022 09:41 ET (13:41 GMT)
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