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Rivian hires a brand new COO amid different management and organizational shifts – TechCrunch

Rivian has employed a brand new chief working officer to steer the restructuring and alignment of its operations, the automaker stated Thursday.

Frank Klein will be part of the corporate on June 1 as Rivian’s new COO to supervise the automaker’s manufacturing, manufacturing engineering and provide chain.

The automaker additionally stated its head of producing engineering, Charly Mwangi, is leaving the corporate. The EV maker constructed 2,553 automobiles and delivered 1,227 within the first quarter, which implies it should improve manufacturing greater than tenfold for the remainder of the yr to fulfill its goal.

“Mr. Klein will oversee manufacturing, manufacturing engineering and provide chain,” Rivian stated in an announcement. “As we ramp manufacturing in the direction of our 2022 goal of 25,000 automobiles, we’re assured these modifications will strengthen our capability to extra effectively interact new and current clients, lengthen our product choices, and deepen {our relationships} with industrial companions. We’re dedicated to maximizing the shift to electrified transportation whereas driving worth for our clients and buyers.”

The Irvine, California-based electrical automobile startup has confronted growing manufacturing pressures since launching late final yr in one of many largest IPOs in U.S. historical past.

Its first-quarter losses widened practically fourfold because the EV maker burned by means of money battling provide chain constraints and manufacturing bottlenecks to convey its R1T pickup truck and R1S SUV to market and ship its EDV industrial electrical van to Amazon.

Nonetheless, Rivian reaffirmed its 2022 manufacturing objective on a name with buyers in Might and introduced a goal to personal greater than 10% of the worldwide market finally. CEO RJ Scaringe stated that demand is outstripping provide, with greater than 90,000 orders within the U.S. and Canada.

The automaker’s prime precedence now’s ramping up manufacturing at its manufacturing unit in Regular, Illinois, the place it plans to introduce a second shift this summer season. Collectively, its two factories will ramp as much as a projected annual capability of 600,000 automobiles.

The corporate is predicted to interrupt floor on a manufacturing unit this summer season the place it would finally produce automobiles on its future R2 platform, “a extra accessibly priced mid-sized SUV focusing on world markets.” The $5 billion facility in Georgia acquired the state’s largest-ever incentives package deal of $1.5 billion.

Correction: Charly Mwangi is the top of producing engineering, not manufacturing. Tim Fallon, the corporate’s is head of producing, and stays with the corporate. 



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