Rivian
to be making 1 million electric vehicles per year by 2030 and “a lot more than that” as the decade elapses. That will require more production capacity that the company currently has. “That’s going to require multiple vehicles, different platforms and sizes,” said Scaringe. “And ultimately, multiple plants above and beyond what we have in Normal and what’s. There will be additional facilities that will allow us to go into these different markets and scale up.”
Scaringe’s optimism comes as Rivian is struggling to ramp up production of its first vehicles. Although its customer vehicles are now rolling out of the factory, production is slow, and it’s unclear if it will be able to meet its goals this year. As its share prices suffer, its , and the demands on its production network grow, Rivian will have to produce vehicles as quickly as possible if it wants to achieve its lofty goals.
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