Rivian (RIVN) to borrow nearly $15B for Georgia EV plant
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Global EV sales stay strong, China hits record despite end of subsidies
November 14, 2023 12:07 AM EST(Reuters) - Electric-vehicle sales are seeing continued strength globally with China reporting record monthly sales in October despite the end of subsidies, according to market research firm Rho Motion.
China ended an 11-year subsidy scheme for EV purchases in 2022, but some local authorities have continued to offer aid or tax rebates to attract investments as well as subsidies for consumers.
EV sales in China, the world's largest auto market, increased 29% year-to-date in September. The... More
Rivian signs agreements with Georgia to start building EV factory (Nov 13)
November 13, 2023 7:51 PM EST(Reuters) - (This Nov. 13 story has been corrected throughout to remove the reference to Rivian's plans to raise nearly $15 bln in debt for an EV plant in Georgia and instead to say that the company has signed an agreement with the state that will allow it to start... More
Rivian Automotive (RIVN) Appoints Carlo Materazzo as VP of Logistics
November 13, 2023 4:15 PM ESTRivian Automotive, Inc. (NASDAQ: RIVN) today announced Carlo Materazzo as Vice President, Logistics. Materazzo, who starts at Rivian today, brings more than twenty years of experience in the automotive industry to reinforce Rivians journey towards excellence in manufacturing.
Before joining Rivian, Materazzo worked at Stellantis North America as VP of Manufacturing, holding several executive... More
