- Rivian Automotive Inc (RIVN.O) said it was sticking to its official production forecast of 50,000 electric vehicles in 2023.
- The company cited persistent supply-chain snarls sparked by the pandemic and bad weather that hampered production.
- Investors are also concerned around weakening demand for EVs as interest rates rise and fears of a looming recession.
Rivian stands by 2023 production target despite media report
Rivian Automotive Inc on Friday said it was sticking to its official production forecast of 50,000 electric vehicles in 2023 after a Bloomberg news report said its executives had told employees it could possibly produce as many as 62,000 this year.
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