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Rivian Annual Production: Amazon.com-backed Rivian has been burning through cash to ramp up production of its R1S SUV and R1T pickup trucks as it spends on building a new factory in Georgia and loses thousands of dollars on every vehicle it builds.
Rivian Automotive: Rivian currently produces its R1T pickup truck and R1S SUV at a factory in Normal, Illinois. The vehicles currently cost more than $70,000 apiece.
Rivian Automotive beats revenue estimates with strong sales of higher-priced electric vehicles. The company maintains its production forecast while addressing supply issues. Quarterly net loss narrows. Find out more.
Rivian faces the challenge of ramping-up production at a time when supply chains are under pressure and costs are on the rise.