Gary Zhou 
Key Points
- 📅 Rivian will hold an audio webcast on August 8, 2023, at 5:00 pm Eastern Time to discuss its second quarter 2023 financial results.
- 🚗 In Q2 2023, Rivian produced approximately 13,992 vehicles and delivered 12,640 cars, including the R1T pickup, R1S SUV, and all-electric Amazon delivery van.
- 💰 Last quarter, Rivian delivered approximately 9,395 EVs and has delivered a total of 22,035 vehicles this year, aiming to produce 50,000 vehicles in total.
- 💲 The starting prices for the Rivian R1T pickup and R1S SUV, including various packages and upgrades, were provided.
- 📈 Tesla China’s insurance registrations in the final week of Q2 2023 reached an estimated 17,400, marking a strong performance.
- 🇨🇳 Tesla China sold a record 93,680 Giga Shanghai-made vehicles in June, showing significant growth compared to previous years.
- 🏆 Tesla ranked fourth among premium brands in China, behind BMW, Audi, and Mercedes-Benz, based on insurance registrations.
- 💪 Tesla made efforts to boost domestic sales, including an insurance subsidy and adjusted prices for Model 3, Model S, and Model X.
- 📊 The China Passenger Car Association (CPCA) released data showing an 18.72% rise in Tesla China’s sales compared to June 2022 and a 20.57% improvement compared to May 2023.
Rivian will hold an audio webcast on August 8, 2023, at 5:00 pm Eastern Time to discuss its second quarter 2023 financial results.
In Q2 2023, Rivian produced approximately 13,992 vehicles at its manufacturing plant in Normal, Illinois. The EV startup delivers precisely 12,640 cars in the second quarter. The second quarter production and delivery results include Rivian’s R1T pickup, R1S SUV, and all-electric Amazon delivery van.
Last quarter, Rivian delivered approximately 9,395 EVs. The company delivered a total of 22,035 vehicles in the year so far. Last year, the EV manufacturer delivered under 25,000 electric cars. Rivian reaffirmed its guidance to produce 50,000 vehicles this year.
The Rivian R1T pickup truck starts with the Adventure Package at $73,000. Rivian also offers an All-Terrain Upgrade that costs an additional $3,850. The R1T pickup is available in three drive systems: Dual-Motor AWD, Performance Dual-Motor AWD, and Quad-Motor AWD. Rivian offers three battery packs: Standard, Large, and Max.
Meanwhile, the Rivian R1S SUV starts with the Adventure Package at $78,000. Its All-Terrain Upgrade costs $3,600. The R1S SUV is available in the same drive systems and battery packs as the R1T pickup.
