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Rivian CEO States Its Chip-Shortage Issues Will Relieve This Year


May 11, 2022
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Electric-vehicle start-up Rivian Automotive kept its production projection for 2022, with executives stating the supply-chain issues that have actually suppressed its factory output in current months are anticipated to relieve later on this year.

Rivian, which reported quarterly outcomes after the marketplace close Wednesday, stated earnings for the very first quarter was $95 million, listed below Wall Street expectations.

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