Cleantech & EV’s

Rivian has released its Q4 2022 earnings today and confirmed that it lost over $2.4 billion during the last quarter as it still faces significant challenges in ramping up production. The automaker has revised its production target for 2022 to 25,000 and it plans to lose money on those. Investors are focused on Rivian’s production ramp-up. There was some good and bad news in the Q4 2021…

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Chinese EV automaker, XPeng Motors, is expanding its presence in the EU by opening reservations of its P5 smart EV to four countries – Denmark, the Netherlands, Norway, and Sweden. The P5 is the third production model to arrive from XPeng, and its reservations are joined by news of an “Experience Store” which just opened in the Netherlands – the automaker’s second showroom in…

Tesla is seeing its order rate surging in the US, according to sources familiar with the matter, as the record gas prices are turning more people toward electric vehicles. However, it won’t significantly affect its deliveries since the automaker is still production-constrained. Amid the crisis in Ukraine and sanctions to put pressure on Russia to end its invasion, oil and gas prices have…