The Rivian title is proven on certainly one of their new electrical SUV automobiles in San Diego, U.S., December 16, 2022.
Mike Blake | Reuters
Electrical car maker Rivian Automotive stated Monday that its first-quarter deliveries had been in keeping with expectations and that it stays on observe to supply 50,000 EVs in 2023.
Rivian stated in a statement that it produced 9,395 EVs within the first quarter and delivered 7,946 automobiles to clients by quarter-end. Each numbers had been down from fourth-quarter outcomes, however that wasn’t a shock: Wall Road analysts polled by FactSet had been anticipating Rivian to ship about 8,000 automobiles in the course of the first quarter.
Rivian’s shares had been down barely in premarket buying and selling after the replace.
Rivian additionally stated that it stays on observe to hit its full-year manufacturing steering. The corporate stated on Feb. 28 that it expects to produce 50,000 vehicles in 2023, roughly double its 2022 whole.
The corporate did not escape deliveries by mannequin. It is at present constructing the R1T pickup, R1S SUV and a sequence of electrical supply vans for Amazon at its manufacturing facility in Regular, Illinois.
Rivian will report its first-quarter monetary outcomes after U.S. markets shut Might 9.
