An employee works on an assembly line at startup Rivian Automotive's electric vehicle factory in Normal, Illinois, U.S. April 11, 2022.
Chip suppliers are skeptical of the young electric vehicle company's capability to hit promised production numbers.
As part of that effort, Rivian has opened the doors to its Normal factory for supplier executives and the media.
Before the price hike, the most expensive Rivian vehicle was priced at $83,000.
Rivian vehicles have about 2,000 parts, he said.