Rivian just hit a major milestone: building its 100,000th vehicle.

Rivian continues to expand its brand as the Electric Adventure Vehicle to have with their R1S and R1T. Rivian produced its first R1T in September 2021 and its first R1S in December 2021.

Rivian is entering a new growth phase this year. Rivian plans to introduce new tech and manufacturing practices to cut costs. These upgrades aim to reduce material costs later this year with a modest growth profit.