Initial electric vehicle-sponsored Amazon.com Inc.’s Rivian Automotive will delay shipments of its first vehicle by more than a month due to supply chain problems, according to a letter from its CEO to customers.
Rivian, seeing Tesla Inc as a potential rival, said the timing of the first shipments of the early R1T pickup scheduled for early July has been pushed to September, and that the R1S SUVs have been delayed until the fall.
“The impact of the pandemic cascade has had a greater compositional effect than anyone expected,” CEO RJ Scaringe said in a letter reviewed by Reuters.
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“It has affected the construction of the facility, the installation of equipment and the supply of vehicle components.”
The semiconductor crisis around the world has forced carmakers Volkswagen, Ford and General Motors to cut off output as consumer electronics manufacturers left the chip market clean.
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California’s Rivian, also sponsored by Ford, plans to make it public this year and could have a valuation of about $ 70 billion, Bloomberg News reported in May.
This story has been published without text changes from a wireless agency feed.