Rivian boosts production forecast, reports better vehicle margins in upbeat Q3 report

Rivian R1S at Normal, Ill. factory. Photo: — The Rivian R1S pictured at the company's plant in Normal, Ill. (LAURENCE ILIFF)

November 08, 2023 12:40 AM

Rivian Automotive boosted its 2023 production forecast to 54,000 — a 2,000-vehicle increase — during a third-quarter sales report that highlighted improving vehicle margins and potential new commercial van buyers after it ended an exclusivity agreement with Amazon.

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