Rivian Automotive Inc is delaying deliveries of its electrical pickup truck and sports activities utility car geared up with massive battery packs to 2023, Chief Government RJ Scaringe stated in a mail to prospects on Tuesday.
Scaringe stated nearly all of Rivian’s roughly 71,000 preorders for its R1T pickup truck and R1S SUV in the US and Canada had been for a model of the automobiles with a small battery pack choice offering 314 miles of vary on one cost.
“To be able to serve the biggest variety of preorder holders, we will likely be prioritizing constructing the Journey Package deal with Massive pack battery through the subsequent yr,” Scaringe stated within the mail posted by Rivian on the social media platform Reddit.
Rivian shares closed down 3.9 p.c at $102.87.
After the electrical car maker reported its first quarterly outcomes as a listed agency earlier this month, Scaringe had outlined manufacturing challenges citing international supply-chain constraints, the COVID-19 pandemic, a decent labor market and short-term points round constructing electrical battery modules.
Rivian has delivered 386 of the 652 automobiles it has constructed, together with its pickup and SUV.
The larger battery pack, known as the Max pack, is anticipated to supply 400 miles of vary on a single cost. Solely 20 p.c of the preorders had been for the Max pack.
Rivian stated that in early 2022 it can introduce a characteristic for patrons on their Rivian accounts that can show their present supply timing estimate.