Rivian Automotive(US:RIVN) Huan Qiu Wang Zi Xun·2025-10-03 03:58Core Viewpoint - Rivian has revised its delivery expectations for electric vehicles, projecting a decrease in deliveries by nearly 16% compared to the previous year, with a target of no more than 43,500 vehicles by the end of 2025 [1][4]. Group 1: Delivery and Production Data - Rivian's third-quarter delivery reached 13,201 vehicles, an increase from 10,661 in the second quarter and 8,640 in the first quarter, indicating a recovery from a slow start earlier in the year [3]. - The company produced 10,720 electric vehicles in the third quarter, showcasing its production capabilities [3]. Group 2: Future Models and Expansion Plans - Rivian is preparing to launch the R2 SUV model next year, which is anticipated to achieve production and sales in the hundreds of thousands [3]. - To support the R2 and subsequent models, Rivian is investing heavily in expanding its factory in Normal, Illinois, and is also constructing a new facility in Georgia [3]. Group 3: Market Challenges and Adjustments - Earlier this year, Rivian expressed strong confidence in reaching its 2024 sales target, initially estimating deliveries between 46,000 and 51,000 vehicles, but later adjusted this range to 40,000 to 46,000 due to changing trade regulations and consumer demand concerns [4]. - The latest adjustment further narrowed the delivery range to 41,500 to 43,500 vehicles, reflecting ongoing challenges in the U.S. electric vehicle market [4]. Group 4: Industry Context and Competitive Landscape - The U.S. electric vehicle industry is currently facing difficulties, particularly with the Trump administration's cautious stance on electric vehicles and renewable energy, leading several manufacturers to delay or cancel new electric vehicle plans [4]. - Despite these challenges, Rivian's CEO expressed optimism about future opportunities in a post-subsidy era, suggesting that companies focused solely on electrification, like Rivian and Tesla, will have a competitive advantage in a less crowded market by the end of the decade [5][6].