By Stephen Nakrosis

 

Shares of Rivian Automotive Inc. are trading higher Wednesday, following a report that the company is increasing production at its facility in Normal, Ill.

Bloomberg, citing people "who asked not to be identified discussing private information," on Wednesday reported the electric-vehicle company is looking at a rate of 200 ready-to-sell units per week.

At 1:26 p.m. ET, shares of Rivian were trading 9.09% higher, at $65.07 each.

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

January 26, 2022 13:48 ET (18:48 GMT)

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