Hyperdrive
Rivian Climbs After Ramping Up Production, Reaffirming Annual Goal
- Company built 7,363 EVs in 3Q, delivered 6,584 to customers
- Automaker says it’s on track to make 25,000 units this year
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Rivian Automotive Inc.’s shares rose after the automaker reported progress in ramping up production and reaffirmed its goal to build 25,000 electric vehicles this year.
The maker of the R1T pickup and R1S sport utility vehicle produced 7,363 vehicles in the third quarter and delivered 6,584 to customers, according to a statement. That’s up from 4,401 vehicles built in the prior quarter and 4,467 handed over to owners.