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Rivian’s vehicle production story tracks the ramp from 1,015 vehicles produced in 2021 to 2,553 units in Q1 2022, 100,000 vehicles built in Normal by Q1 2024, and 49,476 produced versus 51,579 delivered in full-year 2024. The company is expanding its Normal, Illinois factory through retooling, paint-shop updates, and supply-chain changes to raise annual capacity from 150,000 to about 215,000 units across R1T, R1S, EDV, RCV, and R2, with a temporary shutdown planned in September 2025 to support the transition. Rivian’s production guidance has reflected component shortages and ramp constraints, including a 2024 outlook cut to 47,000-49,000 vehicles before reaffirming a 57,000-unit full-year production target and a 2025 delivery range of 46,000 to 51,000 vehicles. The company is now validating and ramping the midsize R2 platform, with first saleable R2 vehicles built at Normal, employee deliveries beginning, external deliveries expected soon, and a full consumer launch targeted for the first half of 2026. Longer term, Rivian plans a new Georgia manufacturing facility beginning construction in 2026 and customer production in 2028, backed by a U.S. Department of Energy loan intended to support 7,500-plus jobs and expansion of R2 and R3 volume.
The Story · In Order · 39 Statements
Rivian Automotive produced 1,015 vehicles by the end of 2021.
Rivian produced 2,553 vehicles at its Normal, Illinois manufacturing facility and delivered 1,227 vehicles in the quarter ended March 31, 2022.
Rivian produced 2,553 vehicles in Q1 2022 and delivered 1,227 vehicles in the same period.
Rivian said it believed it was well positioned to deliver on the 25,000 annual production guidance provided during its fourth quarter earnings call on March 10, 2022.
Rivian launched the R1T, R1S, and EDV, along with direct-to-customer delivery and service operations, over the last year.
Rivian's Normal, Illinois production plant has 150,000 units of annual capacity, and Rivian plans to ramp supply chain and production to fully utilize that capacity.
Rivian's roadmap is focused on using its cash to support the 2025 launch and ramp of the R2 vehicle platform.
Rivian's top near-term priority is to fully ramp production and satisfy demand for its vehicles.
Rivian designs, develops, and manufactures electric vehicles and accessories and sells them directly to consumer and commercial customers.
Rivian Automotive expects revenue for the three months ended September 30, 2023 to increase versus the prior-year quarter primarily because vehicle deliveries increased during the quarter.
Rivian plans to start production of R2 in its existing Normal, Illinois manufacturing facility.
Rivian expects Normal to have 215,000 units of total annual capacity across R1T, R1S, EDV, RCV, and R2 after the R2 launch and plant changes.
Rivian reaffirmed full-year 2024 guidance for annual production of 57,000 total vehicles.
Rivian completed a plant retooling upgrade in Normal, Illinois that introduced new technologies and cost-focused material changes into the R1 vehicle platform.
Rivian said it produced its 100,000th vehicle in Normal in the first quarter of 2024, completed the retooling upgrade, and unveiled its new midsize platform.
Rivian said the Normal retooling upgrade could enable the R1 line to run at an approximately 30 percent higher line rate.
The State of Illinois announced an incentive package of up to $827 million for Rivian to expand the plant, improve public infrastructure, and create training programs for Rivian's workforce.
Rivian reaffirmed its 2024 annual delivery outlook of low single-digit growth versus 2023 and expects deliveries of 50,500 to 52,000 vehicles.
Rivian revised its 2024 annual production outlook to 47,000 to 49,000 vehicles because of a supply shortage affecting the R1 and RCV platforms.
Rivian is making rapid progress in design, development, sourcing, and manufacturing facility expansion in Normal toward launching R2 in the first half of 2026.
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