{"id":503692,"date":"2022-07-07T09:20:48","date_gmt":"2022-07-07T03:50:48","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=503692"},"modified":"2022-07-07T09:48:51","modified_gmt":"2022-07-07T04:18:51","slug":"ev-maker-rivians-deliveries-nearly-quadruple-as-it-ramps-up-production","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ev-maker-rivians-deliveries-nearly-quadruple-as-it-ramps-up-production\/","title":{"rendered":"EV maker Rivian&#8217;s deliveries nearly quadruple as it ramps up production"},"content":{"rendered":"<p>Rivian Automotive Inc delivered 4,467 vehicles in the second quarter, nearly four times more than the preceding quarter, as the electric-vehicle maker benefited from a ramp-up in production and strong demand. <\/p>\n<p>The company also said on Wednesday it was on track to meet its annual production target of 25,000 units after output jumped 72% sequentially to 4,401 vehicles in the quarter. <\/p>\n<p>The upbeat figures sent the company&#8217;s shares 9% higher, putting them on course to pare losses of about 35% for the year. <\/p>\n<p>&#8220;The most important thing for the stock right now is to provide investors confidence on its 2022 forecast,&#8221; said Redburn analyst Charles Coldicott.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rivian Automotive Inc delivered 4,467 vehicles in the second quarter, nearly four times more than the preceding quarter, as the electric-vehicle maker benefited from a ramp-up in production and strong demand. The company also said on Wednesday it was on track to meet its annual production target of 25,000 units after output jumped 72% sequentially to 4,401 vehicles in the quarter. The upbeat figures sent the company&#8217;s shares 9% higher, putting them on course to pare losses of about 35% for the year. &#8220;The most important thing for the stock right now is to provide investors confidence on its 2022 [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-503692","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/503692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=503692"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/503692\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=503692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=503692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=503692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}