EnergyWatch

US-based EV maker valued at USD 110bn manufactured just 1,000 vehicles in 2021

Despite attaining a market value above USD 110bn following its IPO, Rivian failed to meet its production target last year.

Photo: Brendan Mcdermid/Reuters/Ritzau Scanpix

Rivian is among the EV manufacturers that have generated huge expectations.

That became evident back in November when the company went public, attaining a market value exceeding that of Daimler – despite the fact that the company had yet to generate any revenue at the time.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Siemens Gamesa to squeeze GE's flagship out of US market

The ongoing patent lawsuit between GE and Siemens Gamesa stands to greatly backfire for the US giant, which could force players such as Ørsted to find new offshore wind turbines. The power company itself claims this risks leading to ”potentially irreversible” delays on a gigawatt-scale project.

Norway plans to control hydro to safeguard power supply

With the country’s hydroelectric reservoirs now at low levels after a dry spring, Norwegian policymakers consider reducing electricity export to Europe, but any move to do so, barring emergency, must adhere to single energy market regulations, says interest group.

Further reading

Related articles

Latest News

See all jobs