Shulou(Shulou.com)11/24 Report--

According to foreign media reports, Rivian, an American electric vehicle startup, released record production and delivery data for the fourth quarter of 2022 and the whole year of 2022.

The company said it produced 10020 cars in the fourth quarter of 2022, up 36 per cent from a month earlier, and delivered 8054 vehicles, an increase of 22.3 per cent from a month earlier. For the whole of 2022, the company produced 24337 vehicles, only 663 fewer than its overall target of 25000 vehicles in 2022, and delivered 20332 vehicles.

At the beginning of 2022, Rivian hoped to produce 50, 000 vehicles in 2022, but that number quickly halved to 25000 in March 2022 because of supply chain constraints.

Rivian, founded in 2009, is an emerging electric car maker whose investors include Ford, Amazon and Cox. It is considered one of Tesla's most threatening competitors and aims to take advantage of growing consumer and investor demand for electric vehicles.

In the electric vehicle market dominated by Tesla and a few established carmakers, Rivian has emerged rapidly as a strong challenger. In November 2021, the company launched an IPO, the sixth largest IPO in U.S. History.

Currently, the company operates only one plant in Normal, Illinois, which produces all-electric R1T pickups and has the capacity to produce 150000 to 200000 vehicles a year.

In December 2021, Rivian confirmed plans to build a second $5 billion electric car plant in Georgia, which is expected to produce as many as 400000 electric vehicles a year.

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