Rivian will deliver first R1S SUVs as planned in January | Car News

Fledgling automaker Rivian, which you may possibly have read designed quite a splash on entry into the inventory current market lately, is scheduled to start out deliveries of its R1S SUV at the flip of 2022. Having said that, stories arrived out on Wednesday that all those deliveries would be postponed until eventually the time period from May perhaps to July. Individuals stories pointed out that the manufacturer had started to notify people who had reserved the all-electric utility model, the next motor vehicle created by Rivian following the R1T pickup.

The news despatched Rivian’s inventory down 4.two p.c midweek, and it closed on Wednesday at $114.85. On Friday afternoon, it stood at $112.13.

Rivian did not instantly remark on the stories. Since then, on the other hand, it requested that the GreenCarReports site make a compact correction in its report. The model, which is scheduled to go into generation in December, will in truth be sent to buyers starting up in January. Only a couple buyers are impacted by a delay.

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This is reassuring for investors who have just turned massively to this new company, bringing its current market price to some $a hundred billion. Rivian strategies to make a next plant in the U.S. and open other folks in Europe and China. It is not known exactly where or when the next U.S. facility will be developed, on the other hand.

Before this year, we documented that the company had reserved a dozen names for achievable use on potential motor vehicles, so there’s no question about its ambitions. It remains to be witnessed if all those ambitions will turn into fact, but the future year will go some strategies to selecting the make any difference. If the R1T pickup and R1S SUV do properly, who is familiar with what the boundaries are? Just inquire Tesla.