News Formal

Electric truck maker Rivian zooms to US$90B market value

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 99%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Shares of Rivian Automotive jumped in their debut Wednesday, rising as much as 53 per cent as investors look for the next big winner in the electric vehicle market.

The opening trade of US$106.75 gave Rivian a market value of about $91 billion, greater than that of Ford and General Motors. That's noteworthy because Rivian has so far delivered about 150 of its electric pickup trucks to customers, mostly employees, whereas Ford and GM sell millions of cars globally each year.

Automakers big and small, new and old, are chasing Tesla, which has largely dominated the electric vehicle market for years, amassing a market value of more than $1 trillion along the way. So far this year, Tesla has sold around 627,300 vehicles. Rivian has a contract with Amazon to build 100,000 electric delivery vans at its factory, a former Mitsubishi plant in Normal, Illinois. Ford Motor Co. holds a 13% stake and has said the companies would work jointly to develop electric vehicles.

Options for the vehicles include a $10,000 battery upgrade that will extend the driving range from 314 miles to more than 400 miles . A three-person roof-mounted tent adds $2,650 to the bill and an off-road recovery kit will cost an additional $600.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 1. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

This cracks me up I hope people aren't stupid enough to buy this shit

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

General Electric to split into 3 public companiesGeneral Electric, the storied American manufacturer that struggled under its own weight after growing to become a sprawling conglomerate, will divide itself into three public companies focused on aviation, healthcare and energy. My Dad worked for General Electric many years ago. This would have devastated him.
Källa: CTVNews - 🏆 1. / 99 Läs mer »

Storied General Electric to split into 3 public companiesThe storied American company General Electric will divide itself into three public companies focused on aviation, healthcare and energy. Jack Donaghy will be crushed. so generalelectric GE doing shit splitting.. -one big pile of shit, divided into three smaller piles of shit larryculpjr $ge
Källa: CTVNews - 🏆 1. / 99 Läs mer »