Rivian has reported its supply and manufacturing numbers for the 3rd quarter of the 12 months, together with detailing manufacturing problems associated with a portions scarcity.
On Friday, Rivian introduced in a press liberate that it delivered 10,018 automobiles in Q3, together with generating 13,157 devices at its Illinois manufacturing facility. The deliveries constitute the automaker’s lowest quarterly determine since Q1 final 12 months, and Rivian additionally shared some perception on its contemporary issues on the Commonplace, Illinois manufacturing unit.
The corporate said that it’s experiencing an ongoing “manufacturing disruption,” because of a scarcity of an element that’s integrated in each the R1 and Rivian Industrial Van (RCV) platforms. Rivian mentioned that the portions scarcity started in Q3 however had change into more and more acute in contemporary weeks and can proceed into This fall.
The corporate additionally mentioned that it used to be reaffirming its annual supply outlook of low single-digit enlargement in comparison to final 12 months, with a forecasted vary of about 50,500 to 52,000 automobiles.
Heading into the general 3 months of the 12 months, Rivian has delivered 37,396 devices and produced 36,749 devices. To surpass its 2023 numbers, the corporate’s This fall supply and manufacturing figures would want to succeed in a minimum of 12,726 and 20,483, respectively.
In August, it used to be reported that Rivian used to be quickly pausing manufacturing of its trucks because of a portions scarcity, although it’s unclear at the moment if this is identical factor.
On the time of writing, Rivian hasn’t answered to Teslarati’s request for extra main points at the portions scarcity.
Rivian plans to carry its Q3 income name on November 7 at 5:00 p.m. Japanese, together with liberating its financials after marketplace shut at the identical day. You’ll be able to practice together with the are living webcast right here, or concentrate to a replay at the corporate’s investor family members web page for 4 weeks following the preliminary internet forged.
Rivian’s Quarterly Deliveries in 2023 and 2024
Q3 2024 – 10,018
Q2 2024 – 13,790
Q1 2024 – 13,588
FY 2023 – 50,122
This fall 2023 – 13,972
Q3 2023 – 15,564
Q2 2023 – 12,640
Q1 2023 – 7,946
Rivian’s Quarterly Cars Produced in 2023 and 2024
Q3 2024 – 13,157
Q2 2024 – 9,612
Q1 2024 – 13,980
FY 2023 – 57,232
This fall 2023 – 17,541
Q3 2023 – 16,304
Q2 2023 – 13,992
Q1 2023 – 9,395
Rivian-VW partnership and Elon Musk’s take
In the second one quarter, Rivian and Volkswagen introduced a $5 billion funding from the German automaker, the primary $1 million of which seemed within the electrical truck maker’s Q2 financials. The funding is predicted to create a partnership between the 2 corporations to construct electrical automobiles (EVs) and an advanced device platform, together with serving to Rivian get ready for manufacturing of the approaching R2 automobiles.
Remaining month, Elon Musk shared his ideas at the Volkswagen funding into Rivian, in the long run asking the place the German automaker would get the cash for the deal amidst huge cost-cutting measures.
Rivian authorized to increase its manufacturing unit in Commonplace, Illinois
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Rivian delivered simply over 10,000 automobiles in Q3
