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Rivian will make fewer EVs this year than it did in 2023
A parts shortage hits the company
“This supply shortage impact began in Q3 of this year, has become more acute in recent weeks and continues,” the company added. It was the latest piece of grim news to hit the nascent EV industry, which has suffered in recent months from high interest rates, cooling demand, and an unreliable charging infrastructure. Rivian recently formed a joint venture with Volkswagen that will give the German auto giant access to its software and EV platform.
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