Ford is more significant than GM for the first time starting around 2016

Ford Motor has had quite a year and investors have compensated the organization with a market capitalization more prominent than its main opponent, General Motors. Ford Motor Co’s. the surging stock gave it a market value more noteworthy than rival General Motors for the first time for over five years. Ford (ticker: F) shut Tuesday… Continue reading Ford is more significant than GM for the first time starting around 2016

Electric transport startup Rivian defers delivery of 400-mile R1T trucks to 2023

Electric transport startup Rivian is deferring deliveries of its 400-mile R1T pickup truck to 2023. In an email to clients acquired, CEO RJ Scaringe said the organization is focusing on the production of R1T vehicles equipped with its 314-mile “Large pack” battery. When those orders are satisfied, it will then, at that point, direct its… Continue reading Electric transport startup Rivian defers delivery of 400-mile R1T trucks to 2023

Georgia hitches electric vehicle dreams to Rivian plant

At the point when SK Innovation declared a $2.6 billion battery plant northeast of Atlanta three years prior, it gave Georgia a toehold in electric vehicle manufacturing. Rivian’s declaration Thursday of a $5 billion electric truck, SUV, and van factory east of Atlanta, by comparison, could put the state at the vanguard of the next… Continue reading Georgia hitches electric vehicle dreams to Rivian plant

Electric new companies Rivian and Lucid Air are gobbling up every one of the awards this year

The new Rivian R1T battery-electric pickup landed one of the auto industry‚Äôs most lofty awards Monday when Motor Trend magazine named it Truck of the Year. Rivian beat down more established automakers, including Ford and Hyundai. Taken alone, it’s a significant triumph for Rivian, which has brought billions up in capital from investors as different… Continue reading Electric new companies Rivian and Lucid Air are gobbling up every one of the awards this year

Rivian, the Amazon-backed electric vehicle producer, looks to bring $8.4 billion up in IPO

Amazon-backed electric vehicle producer Rivian is looking for a valuation that would put it among the world’s most valuable automotive organizations when it goes public in the coming days, as per a changed S-1 filing on Monday. Rivian said it hopes to offer 135 million shares of its Class A common stock priced between $57… Continue reading Rivian, the Amazon-backed electric vehicle producer, looks to bring $8.4 billion up in IPO