Rivian revealed plans for a new $5 billion plant in Georgia last week, along with the release of its Q3 2021 shareholder letter, which also featured information about the EDV Amazon delivery van, manufacturing numbers for the R1T pickup, and more. Rivian also constructed the first two units of its R1S SUV, according to the letter. The company affirmed that the SUVs were delivered to clients on Monday.
Rivian staff, especially CEO RJ Scaringe and SFO Claire McDonough, received the first two R1S units. According to Rivian, the SUVs were sent to the brand’s plant in Normal, Illinois, which manufactures the R1T, R1S, and EDV.
Unsurprisingly for a startup, production at the plant has been slow as Rivian ramps up its capacities, with 652 vehicles built as of Dec. 15, 386 of which had been delivered – including these two R1Ses.
Rivian says it will focus on growing production in the next months to attain full manufacturing capacity, which has increased from 150,000 to over 200,000 units per year at the Illinois factory. The Georgia plant, which will begin producing Rivian’s next-generation automobiles in 2024, will have a capacity of 400,000 vehicles per year.
The firm now has over 71,000 preorders for its R1 vehicles, with most consumers having to wait until 2023 for delivery. The R1T pickup starts at $68,575 and has a range of 314 miles, while the R1S SUV costs $71,075 and has a range of 316 miles. (A larger battery pack with a 400-mile range will be available for the R1T, but it is not currently accessible.)
The R1S in question is the Premiere Edition, with a 135-kWh battery and four electric motors producing a total of 835 horsepower and 908 pound-feet of torque. Among the exclusive features are Launch Green paint, Compass Yellow interior accents, the Adventure Package, heated and ventilated seats, and custom badging.
Overall, Rivian’s path to full production has been smooth. The company stated that it would fall short of its 1,200-unit production target by “a few hundred” units. Rivian claimed in its quarterly report for the three months ended September 30 that it made $1 million in revenue supplying R1T pickups and spent $82 million to manufacture those trucks.
According to a recent update, Rivian had delivered 652 vehicles as of December 15, two of which were the SUVs mentioned above. Rivian lost $1.2 billion in the third quarter, but it had nearly $8 billion in the bank, which was enough to pay its planned spending for the next two years. And that was before Rivian’s IPO added another $13 billion to the table.
According to the quarterly report, the year’s major goals were “certifying the R1T, R1S, and EDV 700 for sale and beginning deliveries through our direct-to-customer operations,” all of which have been completed.
Rivian stated, “By the end of December, we plan to have over 60 mobile service vans in service and eight service centers” in California, Colorado, Illinois, New York, Utah, and Washington state.