Rivian reported Monday that it produced 1,015 vehicles in the US in 2021, in line with expectations that the company lowered last month.
Rivian delivered 920 vehicles by the end of the year. Rivian has more than 71,000 pre-orders for its R1T pickup trucks, according to a letter to shareholders posted in December.
Rivian wanted to make 1,200 vehicles by the end of the year. Last month, company executives, including CEO RJ Scaringe, said it would likely fall a few hundred vehicles short due to supply chain issues and challenges of battery production.
During its earnings call in December, Scaringe referred to production as a complex orchestra.
In ramping up a production system like this, it is a really complex orchestra. Thousands of team members are assembling and working to put the vehicles together, while hundreds of suppliers provide thousands of parts.
During that call, Scaringe noted that the company is ramping largely as expected.
He said in December that the battery constraint was an artifact of bringing up a highly automated line. That doesn't represent any long-term challenges for us. The capacity of the other areas of the plant will be put out in front with the second line that is coming on.
GM and Ford are preparing to launch their own electric pickup trucks as Rivian races to ramp production. Ford said on January 4 that it will double the production capacity of its electric F-150 Lightning pickup truck to 150,000 vehicles a year by mid-2023 in response to customer demand. The first deliveries of the F-150 pickup trucks are expected in the spring of 2022.
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