Shares of the Irvine, California-based company fell 5%.
The production halt is the latest in a series of supply chain challenges for Rivian, which, like other EV makers, has been grappling with significant production issues over the past two years due to supplier shortages.
“The parts shortage is temporarily impacting production of our electric delivery vans (EDVs). We expect all production losses to be recovered,” a spokesman said in an email.
The company did not release any information about the affected parts or suppliers, and declined to comment on when the production halt began or whether it has resumed. Rivian makes all of its vehicles at a factory in Normal, Illinois, and plans to build a second assembly plant in Georgia. The shortage does not affect production of Rivian’s other vehicles, including the R1S SUV and R1T pickup models. Amazon did not immediately respond to Reuters’ requests for comment.
Amazon, Rivian’s largest investor with a 16% stake, has ordered 100,000 electric delivery vans by 2030. Sales to Amazon accounted for about 19% of Rivian’s revenue last year.
Rivian maintained its production outlook and said earlier this month that deliveries in the current quarter would be slightly lower after it closed factories in April for upgrades and renovations.
