Electric-car startup Rivian said supply-chain challenges would sharply curtail its factory output in 2022, and now expects to produce 25,000 vehicles this year
Rivian Automotive Inc.’s losses deepened in the fourth quarter and the electric-car startup said supply-chain challenges would sharply curtail its factory output this year.
The California-based truck maker said after the close of trading Thursday that it expects to produce 25,000 vehicles in 2022. The company said it would be able to double that output if it weren’t for constraints on getting parts and materials.
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