Rivian Automotive warned that the supply chain disruptions that have troubled carmakers since last year will be the “limiting factor” in its plan to make 25,000 electric trucks this year.
Chief executive RJ Scaringe said Rivian had fewer problems securing parts in the third quarter than in the first half of the year. Still, production at its Illinois factory stopped for five days because it lacked a single part.
“That improvement, we’re absolutely seeing,” he said. “But with a vehicle that has hundreds of suppliers, and thousands of components . . . it only takes one part from one supplier to stop the line.”
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