Hints and tips:
...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...China’s ninth-largest automotive group is set to launch a range of petrol, hybrid and electric cars in Britain under its mass-market Omoda brand in the spring with its premium line-up, badged as Jaecoo,...
...Rivian went public in late 2021 with a market capitalisation of more than $100bn — bigger than Ford and General Motors....
...Chief executive RJ Scaringe said Rivian had maintained “an extreme focus on cost efficiency” during the quarter....
...Comparisons between Rivian and Tesla are striking....
...Given that several of the biggest deals from 2021’s IPO boom, including electric vehicle maker Rivian Automotive and dating app Bumble, are still down at least 75 per cent, an unspectacular market sounds...
...Electric carmaker Rivian Automotive built more trucks in the second quarter than Wall Street expected, sending the stock up as much as 16 per cent on Monday....
...US electric vehicle start-up Rivian Automotive revealed stronger-than-expected production numbers a day after larger rivals Tesla and BYD reported robust deliveries, sending shares of the companies up sharply...
...Tucked in Brooklyn’s edgy East Williamsburg neighbourhood there is now a Rivian service centre. Across town, the electric-truck maker has opened a high-end showroom in New York’s Meatpacking District....
...“New engineering design changes and key technologies” were aimed at mitigating such constraints in the second half of 2023, Rivian said....
...“It is very hard to measure, but if you look at the readiness of deployment and availability of technology, [China] is probably no more than one or two years behind,” said Raymond Tsang, an automotive technology...
...This week Rivian Automotive sold $1.3bn of convertible bonds with that colour coding....
...Then, last week, fellow start-ups Rivian and Lucid Motors also announced lacklustre results, sending their shares tumbling....
...“In the automotive space, not everyone can win,” and right now, it is “the Wild West out there”....
...The semiconductor shortage that bedevilled the automotive industry in 2021 and 2022 hit Rivian, too. It deployed employees to suppliers to help them meet the carmaker’s needs....
...Tamil Nadu is India’s biggest exporter of electronics and a hub for its automotive industry....
...Electric-vehicle makers Rivian Automotive and Lucid Motors also report earnings today....
...Weeks after its 2021 initial public offering, Rivian, the lossmaking California-based electric truckmaker, was briefly worth more than Volkswagen....
...The small amount of shares publicly traded subject the stock to wild swings in its share price and at one point the south-east Asian company had a valuation north of $200bn, more than most established automotive...
...maximise value for Rivian.”...
...Rivian Automotive has warned that the supply chain disruptions troubling carmakers since last year will be the “limiting factor” in its plan to make 25,000 electric trucks this year....
...Rivian Automotive doubled-down on plans to make 25,000 trucks this year, even as it warned of supply chain problems....
...GM’s report followed strong production and delivery data from EV manufacturers Tesla and Rivian, sending shares of both companies sharply higher....
...Weak demand has pushed down sales and share prices at EV start-up Rivian, and forced Tesla to slash prices, a move that VinFast followed....
...Arm is on track to be the most valuable company to complete a US IPO since at least November 2021, when electric-car maker Rivian listed with an initial market capitalisation of $70bn....
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