An electric-vehicle startup aims for a stellar valuation

  • 📰 TheEconomist
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 92%

United States Headlines News

United States Latest News,United States Headlines

Rivian motors towards an IPO | Business

startups might seem justified. Rivian has raised over $8bn from an impressive list of backers, including Amazon and Ford. The e-commerce giant has ordered 100,000 electric vans, the first 10,000 of which should be on the road in 2022. Rivian is looking for a location for another plant which together with its factory in Illinois could turn out 300,000 vehicles a year.

s are in huge demand as e-commerce flourishes, lifted further by the pandemic, and cities worldwide impose increasingly strict emissions rules. Rivian’s skateboard chassis, on which a “top hat” of any body style can be plonked, allows it easily to customise delivery vehicles to customers’ specific needs. It will also underpin the firm’s forthcoming pickup andBut established firms, which make fat profit margins on vans, will not give up their market lightly.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I did my research properly Dennismayson7 I must confess nobody handles Bitcoin mining better than you. I'm privilege to have invested my BITCOIN with you sir Dennismayson7 I'M GREATFUL. You are indeed one of the best. Thanks a million🤗🤦‍♂️🙏

In a sign of our times, the car makers go for valuations instead of making great cars. Tesla is safe for now.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tiny chips cast big shadow over Munich car showAs carmakers gathered in Munich on Monday to launch almost exclusively zero- or low-emission vehicles, an ongoing semiconductor shortage cast a long shadow over the first major car show since before the pandemic began.
Source: Reuters - 🏆 2. / 97 Read more »

New Clubhouse-Created Horror Anthology in the WorksA new horror anthology series is in the works and the project will be entirely sourced from from the horror community on Clubhouse not sure what that means. great stories can come from any place. Its the execution that matters. sinister kkkk
Source: THR - 🏆 411. / 53 Read more »

Warren Buffett-backed electric carmaker BYD sees August sales surge more than 300%BYD sold 61,409 new energy vehicles in August, more than four times the amount sold a year ago.
Source: CNBC - 🏆 12. / 72 Read more »

China's Great Wall to launch electric car and hybrid SUV in Europe in 2022Great Wall Motor (601633.SS), will launch an electric compact car and a plug-in hybrid SUV in Europe in 2022, it said on Monday, joining a growing number of Chinese carmakers trying their luck on the continent with low or zero-emission vehicles.
Source: Reuters - 🏆 2. / 97 Read more »

Spanish-language Covid disinformation is aimed at Latinos as delta surgesSpanish-language disinformation on Covid-19 on radio and social media continue to give false information against vaccines and masking amid the delta surge. How has US improved since Biden took office? - US Citizens abandoned to Taliban - $83 Billion in military arms surrendered to terrorists - Inflation highest in decades - Border wide open to ILLEGALS - Gas Price up 79cents - 240,000 COVID deaths ImpeachBiden DeltaVariant now it’s all making sense… GOPGenocide
Source: NBCNews - 🏆 10. / 86 Read more »

Hong Kong pet funerals aim for respectful farewell rather than landfill wasteIn Hong Kong, where land is at a premium and burials are expensive, pet owners can choose 'green burials' at more than a dozen animal crematoriums - an option that Kent Luk, who runs a dog shelter, says brings compassion to their deaths. horrible At least they aren’t eating them! proudalbertan2 Guardian angel.
Source: Reuters - 🏆 2. / 97 Read more »