Rivian says it’s still on track to build 25,000 EVs in 2022


Production of electric Rivian R1T pickup trucks on April 11, 2022 at the company’s plant in Normal, Ill.

Michael Wayland / CNBC

Electric-vehicle startup Rivian Automotive said it produced more than 4,000 vehicles in the second quarter and that it remains on track to build 25,000 vehicles in 2022.

Shares of Rivian opened sharply higher and held on to the gains, ending the day at $29.66, up 10.4%.

Rivian said in a statement that it produced 4,401 of its electric R1T pickups and R1S SUVs in the quarter and that 4,467 vehicles were delivered to customers in the period. The company didn’t break out production or deliveries by model.

The company said last year in its IPO roadshow that it expected…


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