Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Technology

Anusuya Lahiri

This Tesla Competitor Targets 10% EV Market Share By 2030

Rivian RIVN Amazon.com Inc Illinois Normal Rivian Automotive Inc Tesla Inc. Wolfe Research

Amazon.com Inc (NASDAQ:AMZN) backed Rivian Automotive Inc (NASDAQ:RIVN) is "making progress" in raising EV production at its Normal, Illinois, assembly plant, CEO R.J. Scaringe said, Reuters reports from Wolfe Research conference.
The Tesla Inc (NASDAQ:TSLA) competitor aims to win a 10% share in the EV market by 2030.
Scaringe said Rivian had replaced some chipsets in certain parts with other chipsets that are easier to get.
He admitted that the global shortage would be a factor through the rest of the year.
Rivian was building a pilot line for in-house production of battery cell production and plans to co-invest with a supplier on production.
Price Action: RIVN shares traded lower by 1.93% at $62.48 in the premarket on the last check Friday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

‘A serious disease’: Congress weighs federal gambling crackdown amid growing concerns

‘A serious disease’: Congress weighs federal gambling crackdown amid growing concerns

With sports betting now legal in 38 states, experts worry that gambling addiction is also growing

The Guardian - US

75mph gusts forecast as Christmas getaway disruption continues

75mph gusts forecast as Christmas getaway disruption continues

Met Office yellow warnings for wind remain in place across large parts of Britain.

The Independent UK

Justice Clarence Thomas did not disclose additional luxury trips funded by billionaire patron

Justice Clarence Thomas did not disclose additional luxury trips funded by billionaire patron

All of the gifts Justice Thomas has accepted from a Republican donor are valued at $4.75 million, according to a new report

The Independent UK

Fatal Crash In Brazil Kills 38 In Bus-Truck Collision

Fatal Crash In Brazil Kills 38 In Bus-Truck Collision

Tragic bus-truck collision in Minas Gerais, Brazil, claims 38 lives. Governor declares emergency, President offers support. Urgent road safety measures needed.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Michael B Jordan 'intruder' claimed to be part of his security team

Michael B Jordan 'intruder' claimed to be part of his security team

Police were called to Michael B. Jordan's home after an alleged intruder was spotted in his garden - and the man told cops he was part of the star's security detail.

Family of Wisconsin school shooting victim say they hold ‘no bitterness’ against teen killer Natalie Rupnow

Family of Wisconsin school shooting victim say they hold ‘no bitterness’ against teen killer Natalie Rupnow

Rubi Vergara’s uncle, Andrew Remus, said that Natalie Rupnow’s family ‘lost a daughter too’

The Independent UK

Related Stories

Top stories on inkl right now

‘A serious disease’: Congress weighs federal gambling crackdown amid growing concerns

‘A serious disease’: Congress weighs federal gambling crackdown amid growing concerns

With sports betting now legal in 38 states, experts worry that gambling addiction is also growing

The Guardian - US

75mph gusts forecast as Christmas getaway disruption continues

75mph gusts forecast as Christmas getaway disruption continues

Met Office yellow warnings for wind remain in place across large parts of Britain.

The Independent UK

Justice Clarence Thomas did not disclose additional luxury trips funded by billionaire patron

Justice Clarence Thomas did not disclose additional luxury trips funded by billionaire patron

All of the gifts Justice Thomas has accepted from a Republican donor are valued at $4.75 million, according to a new report

The Independent UK

Fatal Crash In Brazil Kills 38 In Bus-Truck Collision

Fatal Crash In Brazil Kills 38 In Bus-Truck Collision

Tragic bus-truck collision in Minas Gerais, Brazil, claims 38 lives. Governor declares emergency, President offers support. Urgent road safety measures needed.

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Michael B Jordan 'intruder' claimed to be part of his security team

Michael B Jordan 'intruder' claimed to be part of his security team

Police were called to Michael B. Jordan's home after an alleged intruder was spotted in his garden - and the man told cops he was part of the star's security detail.

Family of Wisconsin school shooting victim say they hold ‘no bitterness’ against teen killer Natalie Rupnow

Family of Wisconsin school shooting victim say they hold ‘no bitterness’ against teen killer Natalie Rupnow

Rubi Vergara’s uncle, Andrew Remus, said that Natalie Rupnow’s family ‘lost a daughter too’

The Independent UK

Our Picks

“Crowds would get agitated as soon as they heard Slash’s intro riff”: Duff McKagan on the making of a Guns N’ Roses classic

How a song about the “hardscrabble lives” of the fledgling rockers became a timeless rock anthem

'Stranger Things' cast pens emotional notes after final season production wraps

Netflix recently announced that the production of Stranger Things season five has officially wrapped. Read further on Dynamite News:

Mufasa: The Lion King review – technically dazzling Disney origin story lacks soul

Moonlight director Barry Jenkins’s all-action tale boasts uncanny CGI effects and songs by Lin-Manuel Miranda, but the screenplay is schmaltzy and derivative

The Guardian - UK

How to watch or stream Sunday’s Week 16 games of the NFL’s 2024-2025 football season live, online, and free without cable

It’s a holiday feast of football!

Tina Fey and Tom Hanks among stars to induct Martin Short into Saturday Night Live's Five-Timers Club

Tom Hanks, Tina Fey, Alec Baldwin and Scarlett Johansson were among the stars to induct Martin Short into the 'Saturday Night Live' Five-Timers Club on Saturday (21.12.24).

FDA restricts psychoactive mushroom used in some edibles

The regulator warned food manufacturers that Amanita muscaria – more commonly known as the fly agaric – and the compounds it contains are not authorized to use

The Independent UK

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play