Rivian plans to make an additional 2,000 vehicles this year, while cutting its full-year projection for adjusted losses to $4bn.
The California carmaker said it would make 54,000 trucks and vans this year, rather than the 52,000 it forecast in August.
It cited improvements in the supply chain and increased production of the motors it makes in-house.
Rivian also said that diminishing costs meant it would record a $4bn adjusted loss, which excludes interest, taxes, depreciation and amortisation. At the start of the year, the company expected a $4.3bn adjusted loss.
Rivian posted a $1.4bn net loss for the third quarter, compared with a net loss of $1.7bn a year earlier.
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