Rivian’s contemporary quarterly electrical automobile manufacturing and supply numbers reveal one other excellent quarter and important ramp-up progress—for manufacturing, anyway.
Through the third quarter of 2023, the corporate produced 16,304 battery electrical automobiles (BEV) at its manufacturing facility in Regular, Illinois, which is 121 p.c greater than a 12 months in the past and a brand new report.
When it comes to automobile deliveries, Rivian stories 15,564 models (up 136 p.c year-over-year). That is a brand new report too, and a transparent signal that issues are bettering on the carmaking entrance. However because the Wall Avenue Journal reported at present, like many EV startups (and even the legacy automakers on the electrical entrance) Rivian has a protracted strategy to go towards monetary stability. The WSJ says Rivian has spent about half of its $18 billion money pile and misplaced about $33,000 on every truck it bought in Q2.
Rivian doesn’t disclose the numbers for specific fashions, so these are the whole values for its three BEVs: R1T pickup, R1S SUV, and EDV business vans for Amazon.
Rivian Q3’2023 outcomes (YOY change):
Complete manufacturing: 16,304 (up 121%) Complete deliveries: 15,564 (up 136%)
![external_image](https://cdn.motor1.com/images/custom/thumbnail/rivian-ev-deliveries-q3-2023.png)
To this point this 12 months, Rivian produced over 39,000 electrical automobiles and delivered greater than 36,000, which in each instances means outcomes are nearly 3 times increased than a 12 months in the past.
Rivian Q1-Q3’2023 outcomes (YOY change):
Complete manufacturing: 39,691 (up 177%) Complete deliveries: 36,150 (up 194%)
For reference, in 2022, Rivian produced 24,337 electrical automobiles and delivered 20,332 to prospects.
In line with earlier stories, greater than 18,000 Rivian R1T and R1S had been registered in the USA in the course of the first seven months of the 12 months. By September, it may be a quantity no less than between 20,000 to 25,000, we guess.
![external_image](https://cdn.motor1.com/images/custom/thumbnail/rivian-ev-deliveries-q3-2023-c.png)
In its assertion, Rivian briefly expressed its perception that can be capable of produce 52,000 electrical automobiles this 12 months: “These figures stay in keeping with the corporate’s expectations, and it believes it’s on monitor to ship on the 52,000 annual manufacturing steering beforehand supplied.” Let’s word that that is the newest manufacturing steering, which was revealed within the Q2 report (2,000 increased than initially anticipated). Who is aware of, with one other sturdy quarter, Rivian would possibly be capable of noticeably beat this forecast.
Cumulatively (since Q3 2021), Rivian produced greater than 65,000 electrical automobiles and delivered greater than 57,000. Many of the manufacturing up to now was for the USA market (deliveries in Canada began in November 2022).
We do not know what the present reservation quantity is for the R1T/R1S automobiles, nor do we all know what number of vans for Amazon had been delivered (out of as much as 100,000 contracted). There’s a probability that Rivian will launch an replace on this matter in its upcoming third quarter 2023 monetary report, which is scheduled for November 7, 2023.
However even with the same old startup monetary headwinds, that is optimistic progress for Rivian. On prime of that, the corporate is increasing its lineup with further powertrain and battery variations of the R1T (as much as 410 miles of vary) and R1S (as much as 352 miles of vary).
This text has been up to date.