Toronto, Ontario — Electric vehicle manufacturer Rivian has increased its Q2 delivery and production numbers following a difficult production period for the company with a loss of earnings through Q1.
Rivian has announced the production of 4,401 vehicles between April 1 and June 30 2022. This number represents a 72 percent increase in production, as only 2,553 were produced in the first three months of 2022.
Rivian was also able to increase its deliveries 264 percent, with a jump in delivery numbers from 1,227 in Q1 to 4,467 in Q2.
Despite this increase in production and delivery numbers, Rivian remains behind its production target of 25,000 vehicles for the year. Through the first six months of the year, Rivian has built nearly 7,000 vehicles. However, this means that the automaker will have to build more than double the number of vehicles currently built this year.
Furthermore, these numbers represent production and delivery made solely within the U.S. market, as Canadian delivery of Rivian EVs has been delayed potentially until the end of 2023. These delivery dates represent nearly two years of delays, as the promised delivery of the vehicles to Canadians was initially September 2021.
The delay comes amidst a microchip shortage and various supply chain issued, as cited by the company. Surviving through the pandemic, war in Ukraine and financial crises worldwide are also cited as potential reasons for the delay.
