US-based EV maker valued at USD 110bn manufactured just 1,000 vehicles in 2021

Despite attaining a market value above USD 110bn following its IPO, Rivian failed to meet its production target last year.

Photo: Brendan Mcdermid/Reuters/Ritzau Scanpix

Rivian is among the EV manufacturers that have generated huge expectations.

That became evident back in November when the company went public, attaining a market value exceeding that of Daimler – despite the fact that the company had yet to generate any revenue at the time.

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