Soros Maintains Confidence in Rivian as Ford Reduces Exposure

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The Street

By Luc Olinga The upstart EV manufacturer has just confirmed its production target of 25,000 vehicles in 2022. Rivian (RIVN) – Get Rivian Automotive, Inc. Class A Report got scared but the electric vehicle maker made up for it well. The young manufacturer of electric SUVs and pickups has just cleared some of the many doubts hanging over its short-term future. The Irvine, Calif.-based company confirmed its production target of 25,000 vehicles in 2022, despite supply chain disruptions, chip shortages and soaring raw material prices. These problems have made it difficult to increase production ra…

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