Based on the provided context, Rivian expects to deliver approximately 97,000 vehicles in 2025 .
This guidance accounts for:
– The ramp-up of R2 production in Normal, Illinois, and preparations for R2 and R3 production in Georgia.
– A planned one-month shutdown in the second half of 2025 to retool for R2/R3 production .
– External factors like regulatory changes, supply chain disruptions, and demand fluctuations that could impact the outlook .
Additionally, Rivian anticipates achieving positive free cash flow by scaling R2 production and leveraging its joint venture with Volkswagen .
For reference, in Q1 2025, Rivian delivered around 8,000 vehicles due to seasonality and demand challenges (partly from wildfires in Los Angeles) .
Would you like details on specific segments (e.g., R1 vs. commercial vans)?