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EQUIPThe Verge · 42m ago

Rivian’s sales pop as the company’s big R2 bet starts to pay off

Executive Brief

The 30-second read

Rivian reports significant third-quarter growth driven by the market entry of its more affordable R2 model. Production surged 85 percent year-over-year to 19,751 units, while deliveries increased by 45 percent to 19,248 vehicles.

  • 01Production capacity reached 19,751 vehicles representing an 85 percent year-over-year increase
  • 02Quarterly deliveries grew to 19,248 units marking a 45 percent jump in sales
  • 03Early market performance indicates the R2 vehicle platform is successfully driving company volume growth

AI-generated summary · Verify at source

Rivian had high hopes for its more affordable R2 vehicle - and so far, those hopes appear to be paying off. The company released its third-quarter production and delivery numbers today, reporting 19,751 vehicles produced and 19,248 delivered. That represents an 85 percent year-over-year increase in production and a 45 percent jump in deliveries. (For […]