Rivian delivered 9,745 electric vehicles in the fourth quarter of 2025 while producing 10,974 units, meeting its revised annual guidance as the company prepares to launch its more affordable R2 SUV.
For the full year 2025, Rivian produced 42,284 vehicles and delivered 42,247 units at its manufacturing facility in Normal, Illinois — within its lowered guidance range of 41,500 to 43,500 deliveries but down 18% from 51,579 units delivered in 2024.
According to Visible Alpha, Wall Street analysts were expecting 42,500 vehicles delivered for the full year.
“Both quarterly and annual figures aligned with its expectations,” the company said in a statement Friday.
Fourth-quarter deliveries of 9,745 vehicles fell 31.8% year-over-year from 14,183 units in Q4 2024 and declined from Q3, when Rivian delivered 13,201 vehicles.
The third-quarter figures were boosted by US consumers rushing to purchase electric vehicles before the $7,500 federal EV tax credit expired on September 30.
Quarterly Breakdown
Rivian‘s 2025 deliveries fluctuated significantly throughout the year:
The company delivered 8,640 vehicles in Q1 (-36% YoY), 10,661 in Q2 (-23% YoY), 13,201 in Q3 (+32% YoY), and 9,745 in Q4 (-31% YoY).
Production followed a similar pattern: 14,611 units in Q1 (+5% YoY), 5,979 in Q2 (-38% YoY), 10,720 in Q3 (-19% YoY), and 10,974 in Q4 (-14% YoY).
“Delivery results for the quarter are in line with Rivian’s outlook,” the company said when reporting Q3 results in October while lowering its 2025 delivery guidance range to 41,500 to 43,500 vehicles.
Production in Q4 dropped by 13.8% year over year to 10,974 units.
Rivian scheduled the release of its fourth-quarter and full-year 2025 financial results for February 12, after market close. The company will host an audio webcast at 5:00 p.m. ET.
R2 Production Progress
Rivian will begin R2 deliveries from its Normal, Illinois, factory in the first half of 2026, with annual R2 capacity of up to 155,000 units.
CEO RJ Scaringe recently shared footage from the Normal plant showing R2 bodies moving through automated assembly equipment as the EV maker prepares for its most important launch yet.
Rivian said in September that “hundreds of production-intent builds” had rolled off its pilot line in Normal, with vehicles currently undergoing road testing in preparation for full-scale production.
The company continued running vehicles through its plant using full production equipment and processes through year-end.
Stock Performance
Rivian shares jumped nearly 49% in 2025, largely driven by gains in the final months of the year after the company’s Q3 earnings beat expectations despite a continuously high cash burn rate.
In the last three months alone, the stock rose 45.7%.
The company also held its AI and Autonomy Day last month, where it revealed its first in-house autonomous driving processor and assisted driving software with increased features rolled out in the 2025.46 software update.
Additional features are expected later this year, including an AI voice assistant similar to what Tesla is implementing via Grok.
Georgia Factory
Rivian is also preparing to open its second US manufacturing facility in Georgia. The company officially broke ground on the $5 billion Stanton Springs North plant in September, which is expected to create 7,500 jobs by 2030.
CFO Claire McDonough said in October that Rivian plans to draw on its $6.6 billion Department of Energy loan before production begins in 2028, but must restart construction before accessing the funds.
