Building cars isn’t for the faint of heart. It’s a long, arduous process that requires precise planning, prepping and executing. And sometimes things don’t go exactly as planned. That’s part of the growing process. It’s something that electric automaker Rivian is experiencing right now—and that could tremendously set back its growth this year.
Welcome back to Critical Materials, your daily roundup for all things EV and automotive tech. Today, we’re chatting about Rivian’s supply chain fumble that cost it 18% of its annual production for 2024, Fisker’s fight with recall labor costs amid bankruptcy and Tesla’s latest move to help out those affected by Hurricane Milton. Let’s jump in.
30%: Rivian Just Fumbled Its Supply Chain. Hard.
Rivian
Just when you thought parts shortages were a thing of the past, Rivian is here to remind you that a simple fumble can mean all the difference between 57,000 vehicles being built and delivered and 47,000. Yeah, we know the napkin math here is …