Rivian Automotive Raises Annual Forecast to Up to 70,000 Vehicle Deliveries

Rivian raises its delivery forecast for 2026 to 65,000 to 70,000 vehicles, supported by 12,194 units delivered in Q2. The delivery start of the new and cheaper R2 model has begun. The production capacity at the Georgia plant will be increased to 300,000 units annually. Strategic partnerships with Volkswagen and Uber secure the necessary capital for scaling and long-term good revenue prospects.   The stock of Rivian Automotive (RIVN) rises by over 8% on July 2. The electric vehicle manufacturer has raised its annual delivery forecast...