Rivian (RIVN) was bracing for fewer deliveries in the first quarter but still managed to beat expectations. With things looking up from here, the EV maker confirmed it’s still on track to deliver between 46,000 and 51,000 EVs this year.
Rivian’s Q1 2025 deliveries fall, but this was expected
Rivian delivered 8,640 vehicles in the first three months of 2025. Although that’s lower than last year’s quarterly numbers, it was in line with expectations.
During its Q4 earnings call, Rivian’s CFO Claire McDonough said the company anticipates fewer customer deliveries in the first three months of 2025.
McDonough explained that Rivian was hit with a “supply shortage of a component in our Enduro motor system” that began in the third quarter. Because of this, the company delivered more Tri-Motor R1S and commercial vans in the fourth quarter of 2024 than expected.
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After handing over another 14,183 vehicles in Q4, Rivian topped expectations, as full-year 2024 deliveries reached 51,579.
Q1 2024
Q2 2024
Q3 2024
Q4 2024
Full-Year 2024
2024 guidance
Q1 2025
2025 guidance
Deliveries
13,588
13,790
10,018
14,183
51,579
50,500 – 52,000
8,640
46,000 – 51,000
Production
13,980
9,612
13,157
12,727
49,476
47,000 – 49,000
14,611
N/A
Rivian deliveries and production by quarter
Rivian said it was also impacted by the fires in Los Angeles, one of its biggest markets, and was dealing with “a challenging demand environment.”
Despite fewer deliveries in the first quarter, Rivian reaffirmed plans to deliver between 46,000 and 51,000 EVs this year.
Production at Rivian’s Normal, IL plant (Source: Rivian)
Rivian has since overcome the supply shortage. In a statement last year, the company said that ” the previously discussed shortage of a shared component on the R1 and RCV platforms is no longer a constraint.”
Things already seem to be looking up for Rivian after the R1S was among the top five best-selling EVs in the US in February.
Rivian commercial electric van, R1S, and R1T (Source: Rivian)
Rivian is also upgrading its manufacturing plant in Normal, IL, as it prepares to launch the midsize R2. Starting at about $45,000, Rivian’s R2 is expected to open an entire new market as the EV maker looks to enter its next growth stage.
Rivian’s stock was down about 5% after it released its first-quarter delivery and production numbers. However, over the past year, Rivian shares are still up over 20%.
We’ll learn more on May 6th, 2025, when Rivian releases its first-quarter financial results. Check back soon for more info.
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Hyundai is about to launch a new electric SUV in China. With its big debut coming up, Hyundai just dropped a sneak peek, and it looks like it could be the IONIQ 4. Check it out for yourself in the video below.
Is Hyundai teasing the IONIQ 4?
We caught our first glimpse of the new EV model last month after Beijing Hyundai released a few official “spy” photos.
Despite the camouflage, you can see a few design elements, like a light bar across the front, slim LED headlights, and a closed-off grille. At first, it almost looks like a smaller version of the IONIQ 9, Hyundai’s first three-row electric SUV, but with a much sportier, shaped profile.
Beijing Hyundai released a new teaser for the upcoming electric SUV this week. The video shows “a wave of high-end operations” as the vehicle dances across the snow.
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The video highlights features like real-time torque control, high-speed cornering, and the SUV’s impressive body control while driving around cones.
Hyundai’s new electric SUV is being called “OE” internally, according to The Korean Car Blog, suggesting it could be an IONIQ model.
All other Hyundai IONIQ EV models were also codenamed with an “E” internally, which is raising speculation that this could be the IONIQ 4.
Like most global OEMs, Hyundai is fighting to compete in an intense Chinese EV market, which is dominated by domestic automakers like BYD.
Hyundai teases new electric SUV in China (Source: Beijing Hyundai)
Hyundai opened its first overseas R&D center last year in China to spearhead its comeback. It will work with local suppliers and tech companies to develop EVs designed for Chinese buyers. The new electric SUV is expected to launch in China later this year, followed by three new energy vehicles, including EVs and EREVs.
Beijing Hyundai will release more information on April 16, with the electric SUV set to “challenge the limit of driving performance.”
What do you think of Hyundai’s new electric SUV? Is this the IONIQ 4? Let us know your thoughts in the comments.
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Charge point provider char.gy has secured a £130 million contract to install 6,000 curbside EV chargers for Brighton and Hove City Council (BHCC) – the UK’s largest installation of its kind.
London-based char.gy has also been awarded a 15-year contract to operate and maintain the charging network.
Installing Level 2 chargers curbside, where most drivers in the UK park, will enable more people to take advantage of cheaper charging rates while juicing up their EVs overnight. (charg.gy’s pay as you go night tariff, between midnight and 7 am, is £0.39/kWh, compared to its £0.59/kWh day tariff.)
John Lewis, chief executive of char.gy, said the project is “a huge moment for the UK and its EV ambitions. This partnership alone will empower thousands of residents to confidently make the switch to electric vehicles, knowing they have easy access to chargers.”
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Brighton and Hove City Council is among the first to tap into the government’s Local EV Infrastructure (LEVI) Fund, designed to help English local authorities roll out charging solutions for residents without off-street parking. Future of Roads Minister Lilian Greenwood said making EV charging as accessible as possible is “crucial to making the switch to electric a success.”
The UK now has over 75,000 public EV chargers, according to the Department for Transport—and it looks like the country’s on pace to hit its 2030 target. Back in December, the National Audit Office said the rollout is “on track” to meet the DfT’s estimate that at least 300,000 chargers will be needed by the end of the decade.
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