Gasgoo News July 2, USAElectric vehicleManufacturer Rivian has published its production and delivery figures for the second quarter of this year.
In the last quarter, Rivian produced 5,979 vehicles at its manufacturing facility in Normal, Illinois, down 37.8% year-over-year; 10,661 vehicles were delivered, down 22.7% year-on-year. However, according to analysis compiled by Bloomberg, analysts had expected the company’s quarteryieldThere will be more than 11,300 units. The company noted in a press release that its production in the second quarter was somewhat limited due to preparations for the 2026 model launch, which will be launched later this month.
Image source:
Rivian official website
Regarding the production and delivery performance in the previous quarter, Rivian said it was in line with the company’s expectations. In addition, the company reaffirmed its 2025 delivery target range of 40,000 to 46,000 vehicles. This will be the first time the company has experienced a decline in annual deliveries. Last year, Rivian delivered more than 51,000 vehicles.
According to Bloomberg, later this year, Rivian plans a month-long shutdown overhaul in preparation for the upcoming R2 model, which is expected to hit the market next year, so the company’s production will slow down again.
After achieving positive gross profit margin for the first time in the fourth quarter of 2024, Rivian became profitable again in the first quarter of 2025, reaching the milestone of “two consecutive quarters of profitability” agreed with Volkswagen, meeting the phased investment conditions. On June 30, the second investment of 850 million euros (about $1 billion) from Volkswagen arrived as scheduled. According to information disclosed in early May, Volkswagen will pay the payment at a 33% premium to the average price of Rivian shares between May 15 and June 27.
The trade tariffs imposed by US President Donald Trump have led to a sharp increase in manufacturing costs in the US automotive industry, and automakers have struggled to adjust their supply chains to mitigate the impact. In addition, high interest rates also affect consumer decisions, with some consumers preferring lower-priced hybrid and gasoline vehicles over higher-priced battery electric vehicles.
In order to launch a more affordable R2 model, Rivian is currently working to improve profits and cut costs, and rising vehicle costs may put pressure on Rivian’s profits.
