Rivian delivers 67% QoQ growth in cars produced
Oct 4th 2022, 2:23 am
Rivian announced a 67% bump in cars produced in Q3 to 7,363 when compared to the previous quarter of 4,401.
The EV manufacturer confirmed it remains on track to produce 25,000 vehicles in 2022.
"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."
Rivian has produced a total of 14,307 so far in 2022 at an average QoQ growth rate of 69%.
Q2 4,401 (72% growth)
Q3 7,363 (67% growth)
If Rivian maintains its average growth, it should achieve a Q4 production of approx.14,400 vehicles and a yearly production volume of approx 28,000 vehicles.
Here's an interesting look at their production facility in Illinois, US.