Rivian Automotive Inc. RIVN, -1.20% ’s finance chief said the electric-vehicle maker plans to put growth before profit as the company looks to build out the business following its public listing in November. “We want to prioritize our ability to rapidly bring new vehicles to market versus having that path to prioritize profitability,” Chief Financial Officer Claire McDonough said. A former investment banker, Ms. McDonough is tasked with allocating billions of dollars toward expanding Rivian’s production capacity and eventually raising additional money to fund its growing business.

Source: Wall Street Journal January 06, 2022 20:39 UTC