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Electric vehicle (EV) company Rivian -- which had a blockbuster IPO in November but has since been struggling with supply chain issues and chip shortages -- recently had its first annual ...
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The $4.2 billion EBITDA loss projection Rivian now sees for 2023 is $1 billion less than the EBITDA loss it reported in 2022. Rivian has also reiterated it expects to achieve positive gross profit ...
Rivian's stock price recovered significantly through the first half of 2023, reaching a period high of $28.06 on July 27, 2023. However, momentum has subsequently reversed with a $1.5bn convertible green note received poorly by the financial markets, [ 152 ] causing the share price to decline to a daily low of $15.88 on October 26, 2023.
The Rivian EDV (Electric Delivery Van) and ECV (Electric Commercial Van), also known as the Delivery, are a line of battery-electric cargo vehicles built by Rivian.Initially they were exclusive to its investor Amazon, which uses the EDV for package delivery, but in November 2023, sales were opened to other companies as the ECV / Delivery, with minor cosmetic changes. [1]
VinFast announced in July 2023 that it was planning to merge with a SPAC operated by Black Spade Capital. The move allows the company to avoid the process of issuing an IPO. The transaction, valued at $23 billion, was completed on 14 August 2023, and the company finally went public on the US-based Nasdaq exchange on 15 August 2023.
Rivian's stock has lost more than a third of its value this year, even after its best-ever one-day gain of 23% on Wednesday, partly due to the company sticking to its production forecast of 57,000 ...
Nexteer Automotive. Nexteer Automotive ( SEHK : 1316) is a global motion control technology company. It is a publicly traded company owned about one-third by its shareholders. About two-thirds by Pacific Century Motors, which in turn is 51% owned by AVIC Automotive. Nexteer's global headquarters is in Auburn Hills, Michigan, United States.