After struggling through a difficult production ramp, Rivian appears to be coming out of the woods after announcing its Q2 2022 production and delivery figures.
According to the EV automaker, they were able to produce 4,401 vehicles at their manufacturing facility in Normal, Illinois between April 1 and June 30, 2022. This is an impressive 72% increase from the first three months of the year when 2,553 vehicles rolled off their production line.
The jump was even bigger for deliveries, with Rivian reporting this morning they delivered 4,467 vehicles during the second quarter, a 264% increase from Q1 when they delivered just 1,227 vehicles.
This also marks the first time the company has been able to deliver this volume of EVs, as delivery figures in previous quarters have always been well below their production output.
CEO RJ Scaringe commented on the positive results, saying that they have now built 7,969 vehicles since the start of production and are still on track to meet their annual guidance of 25,000 vehicles produced in 2022.
Supply chain and production are ramping! We just announced production of 4,401 vehicles for Q2 bringing our cumulative total since start of production to 7,969 — keeping us on track to reach our year-end goals. Thank you to our team & suppliers.
— RJ Scaringe (@RJScaringe) July 6, 2022
To meet that target however, Rivian will have to substantially ramp up production over the remainder of the year.
Through the first six months of 2022 the automaker has produced 6,954 vehicles, meaning they will have to produce more than double the number of vehicles in the second half of the year to reach 25,000 units.
