Rivian was already known to have been struggling with the production of its electric vehicles. Adding to that, the company announces that the bigger battery pack option for R1T vehicles will be delayed. The company announces this as they also released that Rivian is going to have some production issues implying slower deliveries than expected.
Rivian has released its first earnings results since going public and it’s giving us further visibility in the company’s operations – the company verified that it delivered its first 652 vehicles as of December 15. It also verified that as anticipated, it’s running into some product issues that are going to affect lower deliveries than what it firstly guided.
As a result, Rivian is going to have to prioritize models as it works through the pre-orders for the R1T and R1S in North America. In a new letter transferred to guests moment, CEO RJ Scaringe substantially reiterated effects stated in the earnings report before this month, but he also blazoned that Rivian is delaying its bigger battery pack option all the way to 2023,
“As of December 15, we had approximately 71,000 preorders for the R1T and R1S in the US and Canada, with the large majority having configured an Adventure Package with a Large pack battery (our Max pack represents approximately 20% of our preorders). In order to serve the largest number of preorder holders, we will be prioritizing building the Adventure Package with a Large pack battery during the next year. Explore Package preorders and vehicles with a Max pack battery configuration will follow in 2023. In setting our delivery timing, we optimized our build sequence around the build combination that would support us ramping as quickly as possible and therefore have the largest possible positive climate impact.”
Rivian is presently delivering the R1T electric volley truck with its “ Large” battery pack, which gets 314 country miles of range grounded on the EPA cycle. The bigger “ Max” pack is anticipated to get 400 country miles of range on a single charge, but we won’t know that for sure until it enters product and now it sounds like this won’t be until coming time. The company is participating in the information to let buyers change their configurations if they want to get a delivery sooner. Speaking of deliveries, Scaringe says that guests will get streamlined delivery timelines in early 2022. When the company should have further information to get more precise delivery windows grounded on the configurations.
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