Rivian Automotive will delay deliveries of its electric pickup truck and sports utility vehicle with big battery packs to 2023, Chief Executive RJ Scaringe said in a mail to customers on Tuesday.
“In order to serve the largest number of preorder holders, we will be prioritizing building the Adventure Package with Large pack battery during the next year,” Scaringe said in the mail that was posted by a Rivian customer on Reddit, a social media platform
Shares of Rivian closed down 3.9% at $102.87.
After the electric vehicle maker reported its first quarterly results as a listed firm earlier this month. Scaringe had outlined production challenges citing global supply-chain constraints. Other challenges are the COVID-19 pandemic, a tight labor market and short-term issues around building electric battery modules.
Rivian has delivered 386 of the 652 vehicles it has built, including its pickup and SUV. read more
Rivian said that in early 2022 it will introduce a feature for customers on their Rivian accounts. This feature will display their current delivery timing estimate.