Rivian losses surge to $1.7 billion as production ramps up
Rivian said Thursday that it lost $1.7 billion in the second quarter of 2022 as it works to ramp up its vehicle production amid the on-going supply chain crunch. The automaker's losses more than doubled from the same period last year, when it lost $580 million.
Rivian marks over $1.7 billion in losses over Q2 2022 - electrive.com
The US electric car start-up Rivian posted a net loss of 1.71 billion US dollars in the second quarter of 2022. However, Rivian was able to significantly increase production - and is also sticking to its annual target of 25,000 vehicles built. The loss thus almost tripled from $580 million in the
Rivian files patent for 'front dig mode' – possibly a more user-friendly version of 'tank turn'
Back in 2019, when Rivian was just another EV startup, it delivered a tidal wave of virality by teasing “tank turn,” in which a shiny new R1T pickup drove in, spun in place, then drove off. A recent patent shows that Rivian may be developing a similar mode, called “front dig mode,” that turns more […]