Rivian misses its 2022 electric vehicle production target

Rivian Automotive announced its vehicle production and delivery numbers for the fourth quarter of 2022 and for the full year, showing it missed its annual production target of 25,000 vehicles.

For the quarter ending December 31, 2022, the California-based company produced a total of 10,020 vehicles and delivered 8,054.

These numbers increased 36 and 22 percent, respectively, from the third quarter.

In addition to that, it produced all of its vehicles at its factory in Normal, Illinois, which is currently its sole production facility and continues production of its two consumer models, the R1T pickup and R1S SUV, and an electric delivery vehicle. for your partner Amazon, He owns a large stake in the company.

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