Rivian has released better-than-expected Q1 business quarter production and delivery figures as the EV automaker says it’s on track to reach a 50,000-unit production goal this year. In the first three months of 2023, a total of 9,395 combined examples of the R1T, R1S, and Amazon Prime exclusive delivery van (EDV) were manufactured, beating earlier expectations of 8,752 units.
In another sign the automaker is getting back on track following a difficult 2022 that was full of supply chain problems, a total of 7,946 vehicles have been delivered to customers so far this year.
Despite the production momentum, Rivian is still not out of the woods yet. Last month, Amazon decreased the number of vans it planned to purchase this year, resulting in Rivian’s stock diving. So far this year, that stock price has dropped by around 15%.