(CNN) — Rivian, the electrical conveyance maker, plans to statesman operation connected a 2nd manufacturing works successful 2022 adjacent arsenic it is falling abbreviated of its accumulation goals astatine its existing plant.
Rivian announced Thursday that the caller $5 cardinal installation eastbound of Atlanta, Georgia, volition beryllium susceptible of producing up to 400,000 vehicles a year, much than treble the capableness of its existing plant in Bloomington-Normal, Illinois.
Rivian expects to autumn a fewer 100 vehicles abbreviated of its accumulation people of gathering 1,200 vehicles successful Illinois this year. As of December 15, Rivian has produced 652 of its user pick-up trucks and SUVs and delivered 386.
Rivian CEO RJ Scaringe said connected the automaker’s archetypal net telephone arsenic a nationalist institution that planetary proviso concatenation issues, a choky labour marketplace and covid person each resulted successful accumulation challenges.
Scaringe said that with Rivian’s vehicles requiring 2,000 parts, adjacent a shortage of 0.1% of parts tin dilatory production.
Even with the difficulties, Rivian has enjoyed a breakout year. Its archetypal nationalist offering past period raised astir $12 billion. Rivian is presently valued astatine astir $90 billion, much than some Ford and General Motors.
Rivian said Thursday that it has 71,000 preorders for SUVs and pick-ups, acold much than the 48,390 it had astatine the extremity of September. Motor Trend selected Rivian’s R1T arsenic its Truck of the Year this month.
Rivian’s caller works connected astir 2,000 acres successful Georgia volition yet employs 7,500 workers, according to Rivian. The automaker, which presently has much than 10,000 employees, expects to commencement accumulation of vehicles determination successful 2024. Scaringe said that Rivian evaluated sites crossed the state looking for a determination that had entree to endowment and proximity to suppliers.
Rivian mislaid $1.2 cardinal successful its archetypal 4th arsenic a nationalist company, compared with losses of $288 cardinal successful the aforesaid play a twelvemonth before.
Scaringe said that Rivian is precise focused connected providing vehicles to Amazon, which has ordered 100,000 transportation vehicles from Rivian by 2025.
“It’s captious that we don’t starve them of vehicles,” Scaringe said.
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