Bloomberg
Rivian Sticks With 2022 EV Production Target Despite Supply-Chain Snags
(Bloomberg) — Rivian Automotive Inc. stuck with its plan to build 25,000 electric vehicles this year even as supply-chain snags weigh on its manufacturing operations and revenue missed expectations. The company built 7,363 vehicles in the third quarter, up 67% from the prior period, according to a statement Wednesday. Rivian, which has a plant in Normal, Illinois, said that demand remains strong and preorders for its R1 vehicles climbed to 114,000 from about 98,000 in the second quarter.“The de
