This increased production capacity is sorely required, as Rivian states that its preorder backlog will only be worked as a result of in direction of the finish of 2023. At the time of composing, the EV company had 55,400 preorders for its R1-badged truck and SUV for the US and Canada, symbolizing a fourteen.five% boost from the forty eight,390 preorders it had acknowledged by the finish of September. Nevertheless, the corporation will get superior at this, with enhancements to the Standard plant creating it able of manufacturing 200,000 cars by 2023. Rivian expects that if all goes in accordance to approach, it aims to be manufacturing 150,000 cars per annum at the manufacturing unit by early 2024. In the meantime, we’re however waiting to hear when Tesla’s Cybertruck will be completely ready.