Rivian deliveries fall as component shortage slows production

Quick Summary:

Rivian says it will build fewer vehicles this year than it did in 2023, the result of a supply chain problem that popped up in the third quarter that has “become more acute in recent weeks.” The company did not specify what specific component is impacted.

Most recently, he was a reporter at Bloomberg News where he helped break stories about some of the most notorious EV SPAC flops.

It also recently revamped its R1T pickup and R1S SUV, making them simpler in design in order to lose less money on each sale.

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Article Details

Author / Journalist: Sean O'Kane

Category: Technology

Markets: United StatesGeorgia

Topics: Rivian Transportation EVs

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 11:35:37 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 370 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22879986

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