Rivian (RIVN) to experiment selling EV trucks in factory parking lot
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BTC Power joins rivals in adopting Tesla's (TSLA) NACS
June 20, 2023 2:43 PM EDTIn an exclusive story, Reuters reports Tuesday that privately-owned BTC Power will add Tesla's (NASDAQ: TSLA) North American Charging Standard (NACS) connection to its electric vehicle chargers starting next year.
The move follows several rival charging companies like ChargePoint (NASDAQ:... More
Rivian (RIVN) a Buy at Canaccord Genuity on management optimism
June 20, 2023 11:45 AM EDTCanaccord Genuity reiterated a Buy rating and $40.00 price target on Rivian Automotive (NASDAQ: RIVN) following recent statements from CEO, RJ Scaringe and CFO Claire McDonough. They described a material improvement in the broader supply chain environment and said that the companys R1 demand remains healthy and described their backlog as extending into 2024.
Analyst George Gianarikas wrote in a note, Over... More
Hyundai considers adopting Tesla (TSLA) charging standard
June 20, 2023 10:50 AM EDTHyundai held its 2023 CEO Investor Day on Tuesday where CEO Jaehoon Chang revealed that the South Korean automaker is considering the adoption of the Tesla (NASDAQ: TSLA) designed North American Charging Standard (NACS) charging connector for their vehicles, but still needs to determine if the switch would be in the customers best interest.
One... More
Rivian (RIVN) will adopt Tesla's (TSLA) charging standard
June 20, 2023 8:56 AM EDTReuters reports in an exclusive story Tuesday that American electric automaker Rivian (NASDAQ: RIVN) said it has agreed to adopt Tesla's (NASDAQ: TSLA) charging standard. Adding momentum to Tesla's bid to set the industry standard.
Tesla struck simular deals in recent weeks with General Motors (NYSE: GM) and Ford (NYSE: F),... More
Hyundai increases annual EV investment to $28B
June 20, 2023 8:26 AM EDTHyundai Motor announced Tuesday that the Korean multi-national automaker plans to raise its average annual investment in electrification by nearly two thirds to $28 billion over the next decade to restructure its business in China and boost electric vehicle (EV) sales.
Hyundai CEO Jaehoon Chang told investors that China, the world's largest vehicle market, had been very profitable up until 2016 but it was now the biggest risk as the automaker had lost market share to... More
EV maker Rivian sees stable demand through the year - CFO
June 15, 2023 3:18 PM EDT(Reuters) -Electric vehicle maker Rivian Automotive expects demand for its pickups and sport-utility vehicles to remain stable through the year, it's finance chief said, even as higher borrowing costs and fears of recession have dented demand across the industry.
Rivian shares were up 4% at $15.33 late Thursday afternoon.
Rivian is also ramping up production of its... More
Rivian Automotive (RIVN) CFO Says Enduro Ramp Up Ahead Of Plan - Reuters, Citing Conf.
June 15, 2023 2:27 PM EDTRivian Automotive (NASDAQ: RIVN) CFO Says Enduro Ramp Up Ahead Of Plan - Reuters, Citing Conf.
... More