Rivian Automotive Inc. is ramping up output of its debut EV toward almost 200 delivery-ready units a week after working through production snags, according to people familiar with the matter, gaining traction after missing its goals in 2021.
The pickup maker backed by Amazon.com had paused production at its Normal, Ill., plant for about a week around the start of this month for fixes and process improvements, said the people, who asked not to be identified discussing private information.
After starting limited production of its R1T pickup in August, Rivian averaged about 50 units a week through the end of December. That rate has fluctuated, with the number dropping significantly lower at points last month amid Covid-19 outbreaks at the plant and supply-chain bottlenecks, the people said.
News of the production boost sent Rivian’s shares up 10.5 percent to $66.04 in midday trading.