Rivian Q2 Delivery Jumps and on Track to Build 25,000 EVs this Year

Jul 6, 2022 By MarketDepth

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Rivian (RIVN:NASDAQ) announces exceptional news that in the second quarter they delivered 4,467 EVs and produced 4,401 EVs. These vehicles were all built from the Illinois facility, which is a massive uptick from the previous quarter.

The first quarter only saw 2,553 EVs produced and 1,227 Delivered which is half the amount produced from the second quarter. This displays an advancement in production and delivery which will help boost shareholder value.

Rivian stock is up over 12% on the day.

“These figures remain in line with the company’s expectations, and it believes it is on track to deliver on the 25,000 annual production guidance previously provided.”

the company said in a statement