The Rivian Electrical Truck Downside No One Is Speaking About – Overview Geek

Rivian R1T electric truck

Rivian is lastly fulfilling pre-orders for its R1T electrical pickup truck, an off-road beast and the primary fully-electric pickup to hit the market. However Rivian has a giant downside that no one’s speaking about—it’s constructing simply two R1Ts per day.

Manufacturing of the R1T started about 5 weeks in the past. However in line with a submitting made with the SEC on October twenty second, Rivian has solely completed manufacturing 56 of its R1T electrical pickup vans. That’s an incredibly low manufacturing quantity, on condition that Rivian has round 50,000 orders to satisfy. (On the firm’s present tempo, it will take over 60 years to finish these 50,000 pre-orders.)

Whereas Rivian will virtually definitely improve its manufacturing quantity, this sluggish begin shouldn’t be signal for a comparatively small automaker. We’re in the midst of a worldwide chip scarcity that’s dramatically slowing EV manufacturing from main producers like GM. If Rivian isn’t ready to take care of provide chain points (or simply doesn’t know tips on how to enter a full-scale manufacturing part), it could run out of cash.

And that brings up an attention-grabbing level—what if Rivian is deliberately sticking with a low R1T manufacturing quantity to accommodate a extra profitable deal? The corporate is at present creating electrical supply vans for Amazon, a activity that could possibly be much more worthwhile than manufacturing electrical pickup vans.

Both manner, it’s been 5 weeks and Rivian has manufactured lower than 1% of its R1T pre-orders. And of the 56 electrical pickups produced by Rivian, solely 42 have been delivered (largely to Rivian staff, it appears). For those who’re one of many 50,000-ish individuals to pre-order an R1T … effectively, I hope that you simply’re a affected person individual.

Supply: Rivian through InsideEVs

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