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Rivian is planning to produce 250,000 vehicles a year by 2025 made possible by introducing three more affordable electric vehicles:

Rivian aims to introduce three more models by 2024, build 250,000 a year
Electric car startup and potential Tesla rival Rivian aims to introduce another three more affordable electric vehicle models, including a much smaller vehicle, by 2024 and will be producing 250,000 vehicles a year by 2025, founder and CEO RJ Scaringe has said.

They’re big plans for Scaringe’s Michigan-based startup, which first blew onto the electric car scene in November 2018, when it emerged from stealth mode to reveal its ready-to-roll, all-electric R1T utility truck and R1S SUV.
Its first two models are scheduled for a production start in late 2020 for US deliveries in 2021, and Rivian is in the throes of completing a huge $US750 million ($A1.1 billion) renovation of its Normal, Illinois facility in preparation for the impending rollout of its highly-anticipated electric trucks.

In an interview with Forbes, Scaringe has now confirmed that these will be followed by three additional models, all of which will cost less than the R1T and R1S, which Rivian will also be dropping the price on possibly to better compete with the “cut price” and innovative Tesla Cybertruck.

Scaringe has not given any more details on what kind of vehicles these may be, although we imagine the smaller model could come in the form of a compact crossover.

At first, Rivian will aim to deliver 20,000 units of its R1T and R1Sin 2021 and double that to 40,000 in 2022.

By 2025, it is aiming to deliver a quarter of a million vehicles per year.

“When we’re done cleaning, painting and installing the equipment,” Rivian CEO RJ Scaringe was quoted as saying by Forbes.

“We will eventually be able to produce 250,000 vehicles per year by mid-decade.”

If Rivian can do this, it will indeed be impressive. Tesla’s own hyperbolic scale up of production to 400,000 units has taken 8 years since the Model S was first introduced in 2012.

But, backed by a total $US2.85 billion ($A4.23 billion) injection from Amazon – for which it will make 100,000 electric vans – and Ford, for which it will develop an all-electric Lincoln, as well as from Cox Automotive and T. Rowe Price – if Rivian doesn’t do it, it won’t be for the want of funds.

Some other details discussed in the interview with Forbes are that Rivian is already developing its own proprietary network of chargers, the we first reported on in 2019 and that will be installed in out of the way places to enable adventurous Rivian owners to top up electrons no matter where they are.

“We are developing them in parallel,” Scaringe says.

It’s not entirely clear if the 250,000 by 2025 will include production for overseas markets – which Rivian has confirmed will happen and Scaringe has previously said will include Australia.
For now, it is a matter of sit and wait. ~
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