Rivian Annual Shareholder Letter

In the annual shareholder letter, Rivian's CEO RJ Scaringe provided an overview of the company's recent progress and highlighted key areas of focus across the business.  RJ emphasized the importance of the ongoing production ramp, cost reduction efforts, and the continued investment in scalable technology platforms, including the next-generation R2 platform.  Other notable highlights in the letter include:

• Noting the launch of four vehicles across the R1 and RCV platforms (R1T, R1S, EDV700, and EDV500)
• Reaching the production milestone of nearly 35,000 vehicles as of March 31, 2023
• Amazon's initial order of 100,000 units, the world's largest order of commercial EVs
• The deployment of EDVs in over 500 cities across the U.S. as of March 31, 2023
• The production goal of 50,000 vehicles in 2023 is still on track
• Vertically integrating core technologies, such as electronics, software stacks, and propulsion platforms