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Home ยป Rivian Reports Q4 and 2023 Production, Over 50,000 EVs Delivered

Rivian Reports Q4 and 2023 Production, Over 50,000 EVs Delivered

An Apple VP Of Hardware, DJ Novotney Jumps Ship to Rivian

Electric truck startup Rivian shared its latest quarterly production and delivery results today. For Q4 2023, Rivian built 17,541 vehicles at its Illinois factory and delivered 13,972 to customers.

That brings total production for full-year 2023 to 57,232 units, with 50,122 customer deliveries. Rivian’s two models, R1T pickup and R1S SUV, and Amazon vans make up those volumes. Maybe delivery problem is that Amazon could not take any more vans in Q4 as Christmas rush stoppered their deliveries, Amazon needs to instal more plugs at its warehouses.

Analysts predicted Rivian would deliver around 14,430 vehicles in Q4, so the company slightly underperformed estimates. Supply chain challenges likely impacted output.

Nonetheless, crossing 50,000 electric truck deliveries in this year of production represents strong progress for Rivian. The company projects it is on track to double production in 2024 as facilities ramp up.

Overall, Rivian heads into 2024 with momentum as demand for its attractive electric truck, SUV models and Amazon vans remains robust. Delivering over 50,000 units last year provides a solid foundation for expansion.

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