Rivian R1S and R1T with Max battery packs delayed to 2023

Only 20% of preorders were for the Max pack with 400 miles of range

Rivian will certainly delay deliveries of its electrical pickup as well as sports utility vehicle with huge battery packs to 2023, Chief Executive RJ Scaringe claimed in a message to clients on Tuesday.

Scaringe stated most of Rivian’s about 71,000 preorders for its R1T pickup and also R1S SUV in the United States as well as Canada were for a variation of the automobiles with a small battery pack alternative, which provides 314 miles of range on one cost.

“In order to offer the biggest number of preorder owners, we will be prioritizing developing the Journey Plan with Large pack battery during the following year,” Scaringe stated in the mail that was posted by a Rivian customer on Reddit, a social media sites platform.

Shares of Rivian shut down 3.9% at $102.87.

After the electric automobile maker reported its initial quarterly results as a provided firm earlier this month, Scaringe had detailed manufacturing difficulties citing global supply-chain constraints, the COVID-19 pandemic, a tight labor market as well as temporary issues around building electric battery modules.

Rivian has provided 386 of the 652 lorries it has actually constructed, including its pickup as well as SUV.

The bigger battery pack, called the Max pack, is expected to offer a gas mileage of 400 miles on a solitary fee. Just 20% of the preorders were for limit pack.

Rivian stated that in early 2022 it will introduce a feature for clients on their Rivian accounts that will certainly present their existing shipment timing estimate.