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After posting strong Q2 earnings, EV maker Rivian (RIVN) is raising guidance numbers for the year. Rivian continues ramping production while gross margins improved by 50%. Overall, it was a solid improvement quarter-over-quarter. Rivian Q2 2023 earnings preview Yesterday, we posted a preview of what you can expect from Rivian’s Q2 earnings report, indicating investors will be watching…

The Hyundai Motor Group announced it would target one of the largest auto markets globally with plans to unveil five EV models in India as it transitions to an electric future. After surpassing GM, Nissan, and Stellantis in annual volume last year, the Hyundai Motor Group (HMG), including Kia and Genesis, became the third-largest automaker globally. The automotive group has kept the momentum…

Tesla has hired a new manufacturing executive from Eli Lily to lead its elusive Gigafactory Nevada expansion. Tesla Gigafactory Nevada was the first major step in Tesla’s effort to secure battery cell supply for its ambitious growth. The automaker partnered with Panasonic to deploy new battery cell production capacity at the facility, and Tesla used those cells to build battery packs for its…