Rivian Automotive Inc. is delaying deliveries of electrical pickup truck and SUVs geared up with Max battery packs to 2023, CEO RJ Scaringe stated in a letter to clients on Tuesday.
Scaringe stated nearly all of Rivian’s roughly 71,000 preorders for the R1T pickup truck and R1S SUV in america and Canada have been for a model of the autos with a smaller battery pack choice offering 314 miles of vary on one cost.
“So as to serve the most important variety of preorder holders, we will likely be prioritizing constructing the Journey Bundle with Massive pack battery in the course of the subsequent yr,” Scaringe stated within the mail posted by a Rivian buyer on the social media platform Reddit.
Rivian shares closed down 3.9 p.c at $102.87.
After the electrical car maker reported its first quarterly outcomes as a listed agency earlier this month, Scaringe had outlined manufacturing challenges citing international supply-chain constraints, the COVID-19 pandemic, a decent labor market and short-term points round constructing electrical battery modules.
Rivian has delivered 386 of the 652 autos it has constructed, together with its pickup and SUV.
The larger battery pack, referred to as the Max pack, is predicted to offer 400 miles of vary on a single cost. Solely 20 p.c of the preorders have been for the Max pack.
Rivian stated that in early 2022 it would introduce a function for patrons on their Rivian accounts that can show their present supply timing estimate.