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Rivian Automotive Reports Q2 Production, Deliveries; Lowers 2024 Production Target Over Shortages
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Rivian Automotive Reports Q2 Production, Deliveries; Lowers 2024 Production Target Over Shortages
Oct 4, 2024 8:13 AM

06:48 AM EDT, 10/04/2024 (MT Newswires) -- Rivian Automotive ( RIVN ) said Friday it manufactured 13,157 vehicles in Q3 at its production site in Normal, Illinois.

The company delivered 10,018 vehicles for the quarter ended Sept. 30, Rivian said.

The EV manufacturer said it now expects full-year 2024 annual production of between 47,000 and 49,000 vehicles, lower than 57,000 previously. The company said it is experiencing shortages on certain components of its R1 SUV, R1T pickups and delivery vans.

Shares of the company were down 3.2% in recent Friday premarket activity.

Price: 9.90, Change: -0.88, Percent Change: -8.16

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