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IRVINE, Calif. - Electric vehicle maker Rivian Automotive Inc (NASDAQ:RIVN) produced 5,979 vehicles and delivered 10,661 in the second quarter of 2025, the company announced Wednesday. According to InvestingPro data, Rivian maintains a strong financial position with a current ratio of 3.73, indicating robust liquidity with assets well exceeding short-term obligations.
The company said production at its Normal, Illinois facility was limited during the quarter as it prepared for the launch of model year 2026 vehicles expected later this month.
Despite the production constraints, Rivian reaffirmed its 2025 delivery guidance of 40,000 to 46,000 vehicles, indicating the company remains on track with its annual targets.
On June 30, Rivian received a $1 billion equity investment from Volkswagen Group at an effective price of $19.42 per share, representing a 33% premium to the 30-day volume-weighted average stock price of $14.56. This investment is part of a larger $5.8 billion agreement related to a technology joint venture between the two companies. Based on InvestingPro’s Fair Value analysis, Rivian’s stock is currently fairly valued. The company’s market capitalization stands at $15.4 billion, with 13 analysts recently revising their earnings expectations upward.
The EV manufacturer also announced it will release its second quarter 2025 financial results on August 5 after market close, followed by an audio webcast to discuss performance and business outlook.
Rivian achieved its second consecutive quarter of gross profit in Q1 2025, according to the press release statement.
In other recent news, Rivian Automotive has announced a $1.25 billion green bond offering aimed at redeeming its existing floating rate senior secured notes due in 2026. This private offering, set to close in 2025, is contingent on the closure of a loan facility with the Department of Energy and will be secured by the company’s assets. In related developments, Rivian plans to raise $1.25 billion through a private offering of green notes, backed by company assets, to strengthen its financial position. Cantor Fitzgerald has maintained an Overweight rating on Rivian, reflecting confidence in the company’s financial strategies. Meanwhile, Rivian is preparing for the launch of its more affordable R2 SUV in 2026 by cutting approximately 140 manufacturing jobs, representing about 1% of its workforce, to improve operational efficiency. Mizuho has reiterated a Neutral rating on Rivian, noting that the R2 model launch remains on schedule for early 2026, with secure battery supply arrangements for the second half of that year. Rivian’s collaboration with Volkswagen is expected to reduce costs through joint volume sourcing of components. Additionally, Rivian has appointed Kyle Nees as Senior Director of Vehicle Programs, aiming to bolster its leadership team in the competitive electric vehicle market.
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