Rivian Improved Production and Deliveries in Q1 2024

Both numbers represent solid improvements over Q1 2023, but they aren't quite as high as Q3 and Q4 of last year.Rivian reported vehicle production and delivery numbers for the first quarter of 2024, revealing more year-over-year growth.

During Q1 2023, the company produced 13,980 all-electric vehicles at its manufacturing facility in Normal, Illinois, 49% more than a year ago. Rivian reported 13,588 deliveries, too, up 71% year-over-year.

These numbers mark the best first quarter ever recorded. However, sequentially, there is no growth. Vehicle deliveries in Q1 were lower than in Q3 and Q4 2023. Vehicle production was lower than in the past three quarters (Q2-Q4 2023)

Rivian did not disclose the numbers for individual models, so those are the total values for its three BEVs: the R1T pickup, R1S SUV and EDV commercial vans.

Rivian Q1’2024 results (YOY change):

  • Total production: 13,980 (up 49%)
  • Total deliveries: 13,588 (up 71%)
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