Rivian shares fell more than 5% in premarket trading
Rivian shares fell more than 5% in premarket trading.Ford no longer plans to make an electric vehicle with EV startup Rivian, CEO Jim Farley tells Automotive News. The Detroit automaker originally announced it wanted to make a Rivian-powered EV in 2019 when it made its first investment of $500 million into the startup. Ford and Rivian already canceled a vehicle they planned to make for the Lincoln luxury brand in 2020.One reason Farley gave for canceling the EV collaboration was the complexity o
Li Auto Inc. Announces Unaudited Second Quarter 2021 Financial Results
BEIJING, China, Aug. 30, 2021 -- Li Auto Inc. , an innovator in China’s new energy vehicle market, today announced its unaudited financial results for the quarter ended June 30, 2021.Operating Highlights for the Second Quarter of 2021. Deliveries of Li ONEs were 17,575 vehicles in the second quarter of 2021, representing a 166.1% year-over-year increase.Financial Highlights for the Second Quarter of 2021. Vehicle sales were RMB4.90 billion in the second quarter of 2021, representing an increa
Apple Stock: How It Could Be A Great Inflation Play
Apple’s iPhone 13 could cost consumers more due to an increase in the price of certain components. This is bad news for users, but probably good news for Apple stock investors.IPhone users thinking of upgrading their devices this year should expect to reach deeper into their pockets. DigiTimes has reported that Apple’s iPhone 13 could be launched next month at a higher price due to parts inflation.Bad news for consumers could be great news for Apple stock investors. If the price increase is con