Rivian production grows 67% in 3Q, confirms 2022 goals

Workers inspect a Rivian R1T electric car (EV) pickup truck on the assembly line at the company’s production facility in Regular, Illinois, US., on Monday, April 11, 2022.

Jamie Kelter Davis | Bloomberg | Getty Pictures

Electric car or truck maker Rivian Automotive said Monday that it made above 7,000 cars in the 3rd quarter, its greatest quarterly complete to date.

The company also verified that it continues to be on monitor to produce 25,000 autos in 2022.

Shares of Rivian have been up about 7% in just after-hours buying and selling next the information. The inventory had shut extra than 3% reduce in the course of the frequent trading session.

Rivian mentioned in a statement that it developed a overall of 7,363 vehicles at its Illinois manufacturing unit in the 3rd quarter, and that 6,584 automobiles ended up delivered to its clients all through the period of time.

Rivian currently would make the R1T pickup, the R1S SUV and delivery vans for Amazon at its manufacturing unit in Standard, Illinois. The business did not split out creation or deliveries by model.

Rivian experienced initially predicted to create 50,000 vehicles in 2022. But it halved that advice in March, declaring at the time that worldwide source-chain troubles experienced “added a layer of complexity” to its program to improve generation.

The organization verified Monday that it continue to expects meet that intention of 25,000 this yr.

12 months to day, by means of the third quarter, Rivian has made 14,317 motor vehicles.