Rivian Raises 2023 EV Production Target, Rules Out Price Cuts
Rivian Automotive has announced an upward revision in its electric vehicle (EV) production target for the year 2023, while simultaneously asserting its decision to refrain from implementing price cuts to stimulate sales. CEO RJ Scaringe conveyed the company’s optimism about sustained robust demand for its EV offerings during the second-quarter earnings call. The revised production