Despite the challenges experienced by the company as of late, Rivian Automotive, Inc. announced that it had produced a total of 4,401 vehicles at its manufacturing facility in Normal, Illinois, during the second quarter. The company also delivered 4,467 vehicles during the same period.
This is a significant improvement from the company’s results in the first quarter, when Rivian was only able to produce 2,553 vehicles and deliver 1,227. The electric truck maker seems to be hitting some momentum too as it reiterated its goal of producing 25,000 vehicles this year.
“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,” Rivian wrote in its press release.
The fact that Rivian reiterated its 2022 production target is quite a surprise considering that the company has been open about the difficulties it has been facing in its Normal, IL plant. Earlier this year, for example, Rivian CEO RJ Scaringe shared some warnings about a potential battery shortage and the ongoing supply chain crisis.
“Put very simply, all the world’s cell production combined represents well under 10% of what we will need in 10 years. Meaning, 90% to 95% of the supply chain does not exist,” Scaringe said.
Considering that Rivian was only able to produce less than 7,000 vehicles in the first half of the year, the company would have to dig deep in the third and fourth quarters to come anywhere close to its 25,000-unit vehicle production target for 2022.
Rivian is taking steps to increase its vehicle production, with the company looking to build an expansive facility outside of Atlanta, Georgia. Rivian’s Georgia site is expected to start construction sometime next year, with initial production expected to begin sometime in 2024.
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