May 28, 2023

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Amazon- and Ford-backed Rivian delays deliveries of R1S SUVs, reports say

Rivian Automotive Inc., the EV producer backed by Amazon Inc., Ford Motor Co. and other people, has started notifying prospects who have reserved the R1S SUV of supply delays, media outlets described on Wednesday.

Shares in Rivian fell four.two % to near at $114.85 on Wednesday.

The organization had before said R1S would begin creation at the Typical, Sick., plant in December, with the to start with deliveries predicted in January.

Rivian has now started sending e-mail to prospects to inform them that the supply window has been changed to involving Could and July at the earliest, in accordance to media outlets InsideEVs and Electrek.

Reuters could not independently validate the information and facts, and Rivian was not straight away readily available for a comment.

The startup, flush with dollars from a thriving $a hundred billion-valued IPO, has declared programs for a second U.S. manufacturing facility and it inevitably would like to open crops in Europe and China as well. It has not presented a location or time frame for the second U.S. plant.

Delays have been piling up for the automaker as it launches comprehensive creation at the Illinois plant.