[ad_1]
Rivian
Rivian is lastly fulfilling pre-orders for its R1T electrical pickup truck, an off-road beast and the primary fully-electric pickup to hit the market. However Rivian has an enormous drawback that no person’s speaking about—it’s constructing simply two R1Ts per day.
Manufacturing of the R1T started about 5 weeks in the past. However in accordance with a submitting made with the SEC on October twenty second, Rivian has solely completed manufacturing 56 of its R1T electrical pickup vans. That’s an incredibly low manufacturing quantity, provided that Rivian has round 50,000 orders to satisfy. (On the firm’s present tempo, it might take over 60 years to finish these 50,000 pre-orders.)
Whereas Rivian will nearly actually enhance its manufacturing quantity, this gradual begin is just not an excellent signal for a comparatively small automaker. We’re in the midst of a world chip scarcity that’s dramatically slowing EV manufacturing from main producers like GM. If Rivian isn’t ready to cope with provide chain points (or simply doesn’t know enter a full-scale manufacturing part), it might run out of cash.
And that brings up an fascinating level—what if Rivian is deliberately sticking with a low R1T manufacturing quantity to accommodate a extra profitable deal? The corporate is presently growing electrical supply vans for Amazon, a job that could possibly be much more worthwhile than manufacturing electrical pickup vans.
Both means, it’s been 5 weeks and Rivian has manufactured lower than 1% of its R1T pre-orders. And of the 56 electrical pickups produced by Rivian, solely 42 have been delivered (principally to Rivian staff, it appears). In the event you’re one of many 50,000-ish individuals to pre-order an R1T … effectively, I hope that you just’re a affected person particular person.
Supply: Rivian by way of InsideEVs
[ad_2]