Rivian has about 55,400 Pre-orders and Says it won't be Able to Ship All of Them Until the End of 2023

Rivian said it had approximately 55,400 pre-orders for the R1T pickup and R1S SUV in the U.S. and Canada as of October 31, 2021, according to an amended SEC filing on November 5, Rivian said. Each buyer has made a refundable deposit of USD 1,000 to order their Rivian. vehicle, but can also be canceled at any time and the deposit returned to the client. Based on our current production forecasts, Rivian expects to fill our pre-order portfolio with approximately 55,400 R1 vehicles by the end of 2023. Rivian said the Normal, Illinois plant is currently equipped to produce a total of 150,000 vehicles per year, split between the R1 platforms to be used. to produce the R1T pickup truck and R1S SUV, and the RCV platform to be used for electricity production. delivery vehicle (EDV) for Amazon and other commercial vehicles. However, to achieve maximum results, said Rivian, the plant needs to run “at full capacity in several shifts.