Amazon-backed electrical car maker Rivian has began notifying clients who’ve reserved the R1S SUV of supply delays, media retailers reported on Wednesday.
Its shares fell 4.5% to $114.31 in afternoon commerce.
The corporate had earlier stated R1S would start manufacturing on the Regular, Illinois plant in December, with the primary deliveries anticipated in January.
Rivian has now began sending emails to clients to tell them that the supply window has been modified to between Could and July on the earliest, based on media retailers InsideEVs and Electrek.
Reuters couldn’t independently confirm the knowledge, and Rivian was not instantly obtainable for a remark.
The startup, flush with cash from a profitable $100 billion-valued IPO, has introduced plans for a second U.S. manufacturing facility and it will definitely desires to open crops in Europe and China as effectively. It has not offered a location or time-frame for the second US plant.
Shares of the corporate had surged as much as 53% in its Nasdaq debut on Nov. 10, cementing Rivian’s place because the second most useful U.S. automaker.
Leave a Reply