
Following to the progress achieved in Q2, Rivian is expecting to raise its previous full-year production guidance from 50,000 units to 52,000 units.
Rivian is an electric vehicle manufacturer that works to offset the carbon footprint.
Rivian Automotive, Inc. is an American electric vehicle manufacturer and automotive technology company founded in 2009. Rivian is building an electric sport utility vehicle (SUV) and pickup truck on a “skateboard” platform that can support future vehicles or be adopted by other companies. An electric delivery van is also being built as part of a partnership with Amazon. Rivian started deliveries of its R1T pickup truck in late 2021. The company plans to build an exclusive charging network in the United States and Canada by the end of 2023.
Rivian is based in Irvine, California, with its manufacturing plant in Normal, Illinois, and other facilities in Palo Alto, California; Carson, California; Plymouth, Michigan; Vancouver, British Columbia; Wittmann, Arizona; and Woking, England. Additionally, Rivian has plans to build another US$5 billion factory in Georgia.
The company raised over US$13.5 billion in financing following its IPO in November 2021.
Electric vehicle charging, Vehicle insurance
Following to the progress achieved in Q2, Rivian is expecting to raise its previous full-year production guidance from 50,000 units to 52,000 units.
Rivian previously announced that it produced 9,395 electric vehicle units during the first quarter of 2023 but managed to deliver 7,946 vehicles to customers.
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