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HomeTeslaWhat number of EVs did Rivian ship and produce in Q2 2024?

What number of EVs did Rivian ship and produce in Q2 2024?


Rivian has reported its second-quarter car deliveries and manufacturing outcomes, between the R1T pickup, the R1S SUV, and the electrical supply van (EDV).

On Tuesday, Rivian reported delivering 13,790 automobiles throughout Q2, together with producing 9,612 at its manufacturing facility in Regular, Illinois. The corporate has additionally reiterated its full-year 2024 manufacturing goal of 57,000 automobiles, forward of the manufacturing of two new car strains.

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In Q1, Rivian reported delivering 13,588 of its electrical automobiles (EVs), whereas producing 13,980. The Q2 2024 outcomes additionally mark a slight lower from the automaker’s 13,992 automobiles delivered in the identical quarter final yr, together with 12,640 items produced in the course of the quarter.

Rivian plans to carry its Q2 2024 earnings name on Tuesday, August 6, beginning at 2:00 p.m. Pacific Time. The automaker will maintain a dwell webcast for the occasion on its web site.

Within the first quarter, Rivian reported shedding roughly $38,784 per EV it delivered, representing an enchancment from the earlier quarter wherein it was shedding $43,372 per supply.

Rivian’s progress towards profitability will take middle stage on the firm’s upcoming Q2 earnings name, because the automaker goals to succeed in profitability by the top of this yr—or at the least someday in 2025.

In a latest tour of Rivian’s Illinois manufacturing facility, CEO RJ Scaringe highlighted vital anticipated cost-savings from latest manufacturing facility re-tooling, which resulted in lowering common EV meeting time by 30 p.c. The modifications are thought to play a key position in slashing manufacturing prices and, finally, serving to Rivian in its path to profitability.

The EV maker additionally bought a capital increase from legacy automaker Volkswagen prior to now few weeks, as the corporate introduced a $5 billion funding into the electrical truck producer. The funding is predicted to assist Rivian construct the slightly-smaller R2 truck and SUV line, in addition to the eventual R3 compact EV.

What are your ideas? Let me know at zach@teslarati.com, discover me on X at @zacharyvisconti, or ship us ideas at ideas@teslarati.com.

Rivian studies its Q2 2024 manufacturing and supply numbers








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