Hyperdrive
Amazon-Backed Rivian Delays Output, Citing Supply-Chain Woes
- Production of debut electric pickup to start in September
- CEO blames chip shortage, ‘cascading impact’ of pandemic
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Rivian Automotive Inc., the electric pickup maker backed by Amazon.com Inc., is pushing back production of its debut vehicle by two months to September because of supply-chain bottlenecks.
The startup also shifted the timeline for its second planned model, an electric sports-utility vehicle, from August until an unspecified time in the fall, according to a letter to customers on Friday. The company cited a shortage of components.