NORMAL, Ill. — Rivian Automotive fell just short of its production goal of 25,000 electric vehicles at its plant in Normal during 2022, but production and vehicle deliveries picked up in the fourth quarter as compared to the previous three months.
Rivian was only 663 vehicles short of achieving its goal, making 24,337 vehicles in 2022, according to a news release.
Rivian’s announcement capped a year in which the company faced supply chain issues that delayed the start of a second shift at the Normal plant to boost production.
The company’s stock price fell almost 83% during the past year. It was priced at $17.71 per share at the end of Wednesday’s regular trading session.
In the fourth quarter, Rivian said it produced 10,020 vehicles, compared to 7,363 vehicles made in the third quarter.
Rivian said it delivered 8,054 vehicles to its customers in the fourth quarter, up from 7,363 in the third quarter.
For the year, the automaker said it delivered 20,332 vehicles.
