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Rivian Beats Analysts’ Q1 EV Production Estimates

Rivian Automotive Inc. built 9,395 battery-electric vehicles in the first three months of the year as the company aims to ramp up production.

The output was above the average 8,752 estimated by analysts. Rivian — which makes two consumer EVs and a delivery van for Amazon.com Inc., one of its biggest investors — delivered 7,946 to customers in the first quarter, the automaker said April 3 in a statement.

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