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
The hits keep on coming when it comes to automotive manufacturers jumping on the Tesla train to adopt their North American Charging Standard (NACS), which will eventually give new EVs access to utilize the vast Tesla Supercharging network. It’s now inevitable that Tesla NACS will be ‘the standard’ for EV charging as Rivian has recently
Rivian Automotive Inc (RIVN.O) exceeded analysts’ expectations for quarterly revenue by selling more high-end electric vehicles in Q1, while maintaining its production forecast of 50,000 cars for the year. The company also reduced costs during the January-March period, and its positive results, following production cuts by Lucid Group Inc (LCID.O) and Fisker Inc (FSR.N), boosted
