Currently, Rivian has only one factory based in Normal, Illinois which has the capacity to produce 150,000 vehicles but will get the number to 200,000 after an upcoming upgrade. “We better be growing at least that quick; certainly before the end of the decade is how we think about it,” Scaringe, Rivian founder, said in an interview ahead of the startup market debut on the Nasdaq on Wednesday. The automaker has plans to build 3 more plants, a new one in the US, one in Europe and one in China. The goal is to reach 1 million vehicles per year in by 2030, that’s Tesla’s current production rate. Since September, the company has been ramping up producing of the Rivian R1T truck at their Illinois plant. They have two other cars on the cards, an SUV, R1S and a van, the EDV. The second plant in the US will be used to produce battery cells for its vehicles. These are all ambitious plans, but with the successful IPO and very strategic partners, Rivian is in a good position to achieve them, let’s wait and see how this unfolds in the next decade.
