Rivian Automotive (NASDAQ:RIVN) announced on Friday that it produced 42,284 vehicles and delivered 42,247 in 2025, landing squarely within its revised annual targets.
The Irvine, California-based company capped the year with a fourth-quarter performance that saw 10,974 units roll off the line at its Normal, Illinois, facility and 9,745 units reach customers.
The figures reflect a transitional year for the EV startup.
Total production for 2025 represents a roughly 15% decline from the 49,476 vehicles produced in 2024.
This planned deceleration was largely due to a strategic shutdown of its Illinois plant earlier in the year to integrate new technologies and streamline manufacturing ahead of the high-stakes R2 SUV launch, currently slated for the first half of 2026.
Despite the year-over-year dip in volume, Rivian enters 2026 with significantly bolstered liquidity.
A landmark joint venture with Volkswagen Group, finalized in 2024 and valued at up to $5.8 billion, has provided the capital necessary to bridge the gap to its next-generation models.
The R2 platform, which targets a more accessible $45,000 price point, is seen as the critical catalyst for Rivian to achieve the scale necessary for long-term profitability.