By Stephen Nakrosis


Shares of Rivian Automotive Inc. are trading higher Wednesday, following a report that the company is increasing production at its facility in Normal, Ill.

Bloomberg, citing people "who asked not to be identified discussing private information," on Wednesday reported the electric-vehicle company is looking at a rate of 200 ready-to-sell units per week.

At 1:26 p.m. ET, shares of Rivian were trading 9.09% higher, at $65.07 each.


Write to Stephen Nakrosis at stephen.nakrosis@wsj.com


(END) Dow Jones Newswires

01-26-22 1348ET