Rivian Automotive Inc. (NASDAQ:RIVN) shared its second-quarter 2025 production and delivery figures on Tuesday, alongside details of a major investment from Volkswagen Group.
During the quarter ending June 30, Rivian produced 5,979 vehicles at its Normal, Illinois facility and delivered 10,661 vehicles to customers. The company noted that manufacturing volumes were intentionally constrained as it transitions production lines for its upcoming 2026 models, set to debut later this month.
These results align with Rivian’s previously communicated expectations, and the company maintained its full-year 2025 delivery forecast of between 40,000 and 46,000 vehicles.
In a significant financial update, Rivian confirmed that on June 30 it secured a $1 billion equity investment from Volkswagen Group. The purchase was made at an implied price of $19.42 per share—representing a 33% premium over Rivian’s 30-day volume-weighted average share price of $14.56. This investment forms part of a broader $5.8 billion strategic partnership between the two automakers, focused on technology development.
Looking ahead, Rivian announced it will publish its Q2 2025 financial results after markets close on August 5. An investor webcast will follow at 5:00 p.m. ET to review the company’s performance and future plans.