Rivian made a big splash last month when it announced on September 14, 2021 that they had officially begun series production of the R1T electric pickup truck.
Reservation holders were hoping that meant deliveries would begin in September as they has promised just a few weeks earlier. However more than one month later we have yet to see an excited new customer receive their R1T.
The reason for that might be because Rivian is, on average, making just over one R1T each day at their facility in Normal, Illinois.
Rivian revealed the shockingly low production rate when they filed Amendment No.1 to their original S-1 filing October 22, 2021. According to the filing, Rivian manufactured 12 R1Ts between September 14-30, or just 0.75 per day.
The rate has improved slightly since then. As of October 22, they had made 56 R1Ts, or 1.47 per day since the first unit rolled off the production line last month.
The number of deliveries were also revealed in the filing. As of October 22, 42 had been delivered, all of which have gone to employees.
Despite having no customer deliveries so far, Rivian also said they expect to begin deliveries of the R1S electric SUV in December.
As of September 30, 2021, we produced 12 R1Ts and delivered 11 R1Ts, and as of October 22, 2021, we produced 56 R1Ts and delivered 42 R1Ts. We plan to launch and commence customer deliveries for the R1S, a three-row seven-passenger sports utility vehicle (“SUV”) in December 2021 following the completion of ongoing vehicle validation and all required testing. (via RivianForums)
In another regulatory filing earlier this year for their upcoming IPO, Rivian revealed they had amassed over 48,000 pre-orders for both the R1T and R1S.
Unless they are able to substantially increase their rate of production very soon, those 48,000 customers will be waiting a very long time to receive their new cars.
You can read the full filing here.
