Rivian lost 5 days of production in Q4 due to chip shortages - says RJ Scaringe

[Administrator]

"RIvian lost 5 days of production in Q4 due to chip shortages, Rivian CEO said at the Redburn CEO Conference."

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[Guy]

This had been mentioned before happening in October.

 

[sub]

This time last year they were saying the factory would be pumping out vehicles at full speed by now. They are at best half-speed and probably actually less than 1/4 speed.

If only 5 days of delay were caused by supplier issues what is responsible for the other 20-40 days of delay this quarter?

 

[SANZC02]

This time last year they were saying the factory would be pumping out vehicles at full speed by now. They are at best half-speed and probably actually less than 1/4 speed.

If only 5 days of delay were caused by supplier issues what is responsible for the other 20-40 days of delay this quarter?

Not sure they meant they would be running at full speed but capable of it. They were targeting 25k this year which is well under max capacity but have made runs to stress test the actual throughput for capacity.

My understanding was they would still be supply constrained well into 2023 but to diminishing degrees as the year progresses.

 

[tiltedandsaltyaf]

16kish R1T vins
2.5-3kish R1S vins
1kish EDV

idk how 25k is possible in 3 weeks (minus christmas new years)

 

[SANZC02]

16kish R1T vins
2.5-3kish R1S vins
1kish EDV

idk how 25k is possible in 3 weeks (minus christmas new years)

The numbers you are referencing are deliveries, the commitment is for building, there has been a decent delta between built and delivered in the past quarters.

Those numbers are in the 20K range, not Sure what has been built already but assume at least 2k more, that leaves about 3k left deducting the 2021 builds. That is maybe 750 a week, between the EDV and R1 lines that would be 75 vehicles a day per line, seems doable are at least possible given what we know.

I heard they started doing more deliveries by truck again so they are clearly still constrained on the delivery side.

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