Rivian Automotive (NASDAQ:RIVN) announced on Friday that it produced 42,284 vehicles and delivered 42,247 in 2025, landing squarely within its revised annual targets.
The Irvine, California-based company capped the year with a fourth-quarter performance that saw 10,974 units roll off the line at its Normal, Illinois, facility and 9,745 units reach customers.
The figures reflect a transitional year for the EV startup.
Total production for 2025 represents a roughly 15% decline from the 49,476 vehicles produced in 2024.
This planned deceleration was largely due to a strategic shutdown of its Illinois plant earlier in the year to integrate new technologies and streamline manufacturing ahead of the high-stakes R2 SUV launch, currently slated for the first half of 2026.
Despite the year-over-year dip in volume, Rivian enters 2026 with significantly bolstered liquidity.
A landmark joint venture with Volkswagen Group, finalized in 2024 and valued at up to $5.8 billion, has provided the capital necessary to bridge the gap to its next-generation models.
The R2 platform, which targets a more accessible $45,000 price point, is seen as the critical catalyst for Rivian to achieve the scale necessary for long-term profitability.
Operational efficiencies also improved throughout 2025.
The company recently reported reaching positive gross profit in its software and services segment, while reducing the cost-per-unit for its R1 vehicles by over $20,000 compared to early 2024 levels.
Rivian is scheduled to release its fourth-quarter and full-year 2025 financial results after market close on February 12, 2026.
Analysts will be closely watching for 2026 production guidance, which many expect to surge as the R2 begins its initial rollout.