Cleantech & EV’s

California-based electric automaker Fisker saw its shares plummet 14% yesterday after reporting big losses and lower sales than expected. Now the American startup expects to slash its production forecast for this year by as much as 30% of initial expectations. In the third quarter, Fisker lost $91 million, or 27 cents a share, according to MarketWatch. The company said it produced 4,725 Oceans…

California-based EV maker Rivian (RIVN) announced Monday it’s bringing on Carlo Materazzo as vice president of logistics. Materazzo comes to Rivian with over 20 years of auto experience as the EV maker continues ramping production. Rivian adds ex-Stellantis vet as it ramps EV production Before joining Rivian’s EV team, Materazzo was VP of manufacturing at Stellantis North America. He held…

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Up-and-coming EV maker Rivian closed on a monumental land agreement last week for 1,800 acres to host its new mega site in Georgia. Construction can now begin on Rivian’s $5 billion facility, where its next-gen R2 electric vehicles will be made. The Joint Development Authority (JDA) of Jasper, Morgan, Newton, and Walton Counties approved several resolutions last week to finalize the lease…