Rivian electrical autos (EV) are parked on the Rivian Venice Hub on November 13, 2024 in Venice, California.
Mario Tama | Getty Photos
Rivian Automotive’s 2024 car manufacturing and deliveries had been in keeping with the corporate’s beforehand introduced expectations.
The electrical car maker on Friday mentioned it produced 49,476 autos final yr, together with 12,727 vans and vans in the course of the fourth quarter, and delivered 51,579 autos, together with 14,183 fashions over the past three months of the yr.
Rivian in October lowered its 2024 manufacturing goal to a variety of 47,000 to 49,000 autos – down from 57,000 items. The corporate had anticipated deliveries of between 50,500 and 52,000 autos.
The corporate in October mentioned the adjusted goal was due to a “manufacturing disruption attributable to a scarcity of a shared element” for its present autos — the R1T pickup, R1S SUV and a industrial supply van.
The corporate on Friday mentioned the beforehand mentioned scarcity “is now not a constraint on Rivian’s manufacturing.”
Shares of Rivian had been up by greater than 10% throughout buying and selling early Friday morning. The inventory declined 43% final yr because the firm burned by means of money and missed its manufacturing targets.
Rivian is scheduled to announce its fourth-quarter monetary outcomes on Feb. 20.
