Rivian Automotive aims to build about 52,000 EVs this year – nearly double that of last year and about 2000 more than initially forecast.
That follows a less than expected quarterly loss.
Rivian’s net loss for the quarter was US$1.2 billion, whereas a year ago Rivian reported a net loss of US$1.71 billion. On an adjusted basis, Rivian reported a loss of US$1.02b.
It adds that revenue in the second quarter rose to US$1.12 billion from US$364 million in the same period in 2022.
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