Rivian Projects Flat to Lower EV Deliveries in 2025 Amid Component Shortages

RIVIAN PROJECT

US Automaker Faces Uncertainty Despite Cost Cuts and Regulatory Support

LG Energy Solution Deal Secures Future Battery Supply

Rivian, a US electric vehicle (EV) manufacturer, expects its 2025 vehicle deliveries to range from 46,000 to 51,000 units, which could be up to 11% lower than 2024’s total of 51,579 vehicles. The company cites ongoing component supply shortages as the main factor behind this conservative forecast.

Industry Headwinds Challenge Growth Plans

In addition to supply chain constraints, Rivian highlighted policy, regulatory, and demand uncertainties that could further affect its delivery numbers in 2025. These external factors remain largely beyond the company’s control, making projections especially challenging in today’s volatile EV market.

Rivian narrowed its annual loss to $4.7 billion in 2024, an improvement from the previous year’s $5.4 billion loss. This positive shift was aided by $300 million in regulatory credits under the US Inflation Reduction Act during the fourth quarter. Rivian also managed to cut costs by up to $31,000 per vehicle and increased the average selling price of its R1 model through the introduction of a high-value Tri-Motor trim.

Battery Supply Secured Through LG Energy Solution Partnership

To bolster its future production, Rivian signed a five-year agreement with LG Energy Solution in November, ensuring a supply of 67GWh of batteries to be produced in Arizona. This partnership is expected to enhance Rivian’s long-term supply chain resilience as the company scales production of its electric trucks and SUVs.