Rivian electrical autos (EV) are parked on the Rivian Venice Hub on November 13, 2024 in Venice, California.
Mario Tama | Getty Pictures
Rivian Automotive’s 2024 car manufacturing and deliveries had been consistent 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 vehicles and vans in the course of the fourth quarter, and delivered 51,579 autos, together with 14,183 fashions over the last three months of the yr.
Rivian in October lowered its 2024 production target to a spread 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 because of a scarcity of a shared element” for its present autos — the R1T pickup, R1S SUV and a business 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 roughly 4% throughout premarket buying and selling Friday. The inventory declined 43% final yr because the company burned through cash and missed its manufacturing targets.
Rivian is scheduled to announce its fourth-quarter monetary outcomes on Feb. 20.
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