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Rivian has released its Q4 production and delivery numbers, with a big increase in quarterly production, and a 663-unit miss for Rivian’s overall 2022 goal of 25,000 vehicles produced.

The company produced 10,020 vehicles in Q4 and delivered 8,054, which means the company produced 24,337 and delivered 20,332 vehicles over the course of the full year. This is a slight miss from Rivian’s 25,000 full-year production guidance, but still an impressive ramp from earlier this year.

Rivian has repeatedly reiterated throughout the year that it would produce 25,000 vehicles in fiscal year 2022, a target that originally looked like quite the stretch.

Last year, Rivian had only just started production, and entered 2022 having produced only 1,015 total vehicles in 2021. Production has steadily ramped since then, with big increases each quarter:

Quarter Production % increase
Q1 2,553 +251% (compared to FY’21)
Q2 4,401 +72% QoQ
Q3 7,363 +67% QoQ
Q4 10,020 +36% QoQ

On a full-year basis, production of 24,337 vehicles is nearly 24x more than 2021’s production number of 1,015 vehicles.

On December 31, a social media post went out claiming that Rivian had crossed the mark of 25,000 vehicles made. We didn’t post about it at the time, because we couldn’t confirm these numbers.

It turns out that the social media post was correct – Rivian had produced 25,000 total vehicles. However, that included the 1,015 vehicles from last year, and Rivian’s guidance was for 25k vehicles this year, which means a small miss on their 2023 production guidance.

Production rate is important for Rivian, as the company has said that profitability will come with higher production rates. Their factory in Normal, IL has the capacity to build 150k-200k vehicles per year, so lower production numbers will result in a higher cost per car, which is why it’s important to ramp up quickly.

Rivian is currently losing money at the rate of more than $1 billion each quarter as of their last quarterly report. However, due to their IPO in late 2021, the company’s cash reserves are quite substantial, at ~14 billion at the end of last quarter.

Rivian stock has gone down significantly from its IPO at $78/share after reaching a peak of nearly $130/share, and is currently trading at around $17/share. As of their last financial report, the company’s book value, which is the amount of money it would have if it closed down, converted all of its assets to cash, paid off its liabilities, and returned that cash directly to the shareholders, was $16.65.

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Nissan’s new LEAF EV was caught at a Tesla Supercharger in Canada

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Nissan's new LEAF EV was caught at a Tesla Supercharger in Canada

The next-gen LEAF is almost here, and it’s looking better than ever. This isn’t the electric hatch you are used to seeing. Nissan’s new LEAF EV has more range, a fresh crossover design, and yes, it can finally charge up at Tesla Superchargers with an NACS port. With the official reveal just around the corner, someone already spotted the new LEAF at a Tesla charger in Canada.

Nissan is launching the new LEAF in the US and Canada

A little over a week ago, we finally got our first look at the third-generation LEAF. Nissan’s iconic electric hatch has grown into a “sleek and spacious family-friendly crossover.”

The US and Canada will be the first to see the reimagined LEAF later this year. It will join the Ariya in Nissan’s North American EV lineup as it looks to spark growth in one of its most important markets.

Based on the CMF-EV platform, the same one underpinning the Ariya, Nissan promises the new LEAF will have “significant range improvements.” Although no other details were revealed, Nissan’s vehicle programs chief, Francois Bailly, told TopGear.com that it’s expected to have WLTP driving range of up to 373 miles (600 km).

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It will likely be lower on the EPA scale, but anything even close to 300 miles would be a major improvement over the current 212 EPA-estimated miles offered on the 2025 LEAF SV Plus.

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Nissan’s new LEAF EV (Source: Nissan)

The next-gen LEAF will also be Nissan’s first EV to feature an integrated NACS charging port. With its official debut later this year, the new model is out for testing and was just caught testing at a Tesla Supercharger in Canada.

Nissan’s next-gen LEAF charging at a Tesla Supercharger in Canada ahead of its debut (Source: KindelAuto)

If you didn’t know what vehicle it is, the LEAF is hardly recognizable. The new image from KindelAuto gives us a closer look at the new crossover design. It almost looks like a Tesla sitting in front of the charger.

The new LEAF is one of 10 new and refreshed Nissan vehicles set to launch in the US and Canada. It will arrive later this year, followed by the fourth-gen Rogue in 2026, which will be available as a PHEV for the first time.

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Nissan’s upcoming lineup for the US, including the new LEAF EV and “Adventure Focused” SUV (Source: Nissan)

Nissan also plans to build a new “adventure-focused SUV” at its Canton, Mississippi, plant in late 2027. The teaser shows what appears to be a rugged electric Xterra. We’ll have to wait for more details on that one.

Nissan will reveal additional info about the upcoming LEAF mid-year. Check back soon for more updates.

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Barcelona’s new electric commuter ferry runs for 21 hours on a single charge

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Barcelona's new electric commuter ferry runs for 21 hours on a single charge

The Port of Barcelona launched the Ecocat Tres, a highly efficient, all-electric commuter ferry powered by Molabo’s ARIES i50 electric motors.

Ecocat Tres is the latest zero-emission ferry in Bus Nàutic’s growing electric fleet, providing clean transportation between the Drassanes and Llevant wharves. In just its first three months, the Bus Nàutic service logged over 125,000 sustainable trips. Operated by ALSA and backed by the Port of Barcelona, the initiative offers locals and visitors an eco-friendly way to travel, cutting down on road congestion and air pollution in the bustling city.

Built by Spanish shipbuilder Metaltec Naval, Ecocat Tres is a 15-meter aluminum catamaran that carries up to 84 passengers. It even includes a rooftop deck, offering extra seating and a breezy ride across the port. The ferry runs every 15 to 30 minutes for at least 12 hours each day, with the entire trip taking about 10 minutes.

Under the deck are two powerful 48V Molabo ARIES i50 motors, enabling the electric ferry to hit a top speed of 12 knots. Cruising at its regular operational speed of 5 knots, Ecocat Tres can run efficiently for up to 21 hours on a single charge, making it highly reliable for daily commuters.

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Molabo’s motors have a low-voltage setup, which makes them safer to maintain compared to traditional high-voltage electric systems. Passengers also enjoy a smoother, quieter ride thanks to significantly reduced noise and vibrations onboard. Azimut Marine supplied the full propulsion and energy system, which includes two ARIES 50 kW electric drives, 36 batteries providing a total of 216 kWh, fast chargers, and integrated solar panels. Impressively, solar power alone can cover up to 40% of the ferry’s energy needs.

Ecocat Tres will cut around 90 tons of CO2 emissions each year, making a positive impact on Barcelona’s ambitious climate goals.

Port of Barcelona president José Antonio Carbonell said, “This 100% electric, zero-emission passenger ferry is helping us reshape mobility in the port and accelerate the decarbonization of our operations.”


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BYD’s new Qin L EV is off to a hot start with +10,000 sold in its first week

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BYD's new Qin L EV is off to a hot start with +10,000 sold in its first week

The stylish new electric sedan is the size of a Tesla Model 3, but it’s about half the cost at under $17,000. BYD’s Qin L EV is already off to a hot start, with over 10,000 sold in its first week on the market. Here’s a look at the new midsize model.

Meet BYD’s new Qin L EV

After launching the Qin L EV on March 24, BYD called it “the most attractive choice for young people in the era of intelligent driving.” Well, it’s already off to a good start.

The sleek new electric sedan starts at just 119,800 yuan, or roughly $16,500. That is nearly half the cost of a Tesla Model 3 in China, which starts at 235,500 yuan ($32,500).

At 4,720 mm long, 1,880 mm wide, 1,495 mm tall, and a wheelbase of 2,820 mm, the Qin L EV is a direct competitor to the Model 3 (4,720 mm long, 1,848 mm wide, and 1,442 mm tall, wheelbase of 2,875 mm) in China.

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After just a week on the market, BYD’s new EV already looks like a hit. The company announced it sold over 10,000 Qin L EVs in its first week.

It’s available with two BYD Blade battery packs, 46.08 kWh and 56.64 kWh, providing 470 km (292 miles) and 545 km (338 miles) CLTC range. BYD says it can also fast charge (30% to 80%) in 24 minutes.

The cheapest Model 3 (RWD) in China is rated with up to 634 km (394 miles) on the CLTC rating scale. For 275,500 yuan ($38,000), the Extended Range Model 3 offers up to 713 km (443 miles).

Like all of its new EVs, the Qin L is equipped with BYD’s “God’s Eye” smart driving tech, which includes functions like navigation on autopilot and remote-control parking.

The interior is based on BYD’s refreshed design with a 15.6″ floating infotainment, 12″ W-HUD, and 8.8″ driver display screens. It also includes its premium DiLink 100 smart cockpit system with voice control, 5G connectivity, integrated DeepSeek AI, and more.

Higher-end trims even include a built-in mini fridge that can heat and cool. However, even the most expensive model starts at just 139,800 yuan ($19,300).

Would you buy BYD’s Qin L EV for under $20,000? It looks like a steal. Let us know what you think of it in the comments.

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