Tag: ev
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Rivian Q3 2024 $874M revenue, net income of $(1.100)B
Rivian reported their Q3 2024 earnings. Revenue was $874M and it resulted in a loss of -$1.1B. It improved from -$1.367B last year same quarter. Rivian is still losing money for each vehicle it sells. They reaffirmed 2024 full year delivery of 50,500 to 52,000 vehicles. They remain on track for positive gross profit for…
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VW PowerCO confirms QuantumScape solid-state battery cell performance.
On January 3 2024, VW’s PowerCO SE group released its findings on QuantumScape’s solid-state battery cell confirming it can hit 1,000 charging cycles and still maintain 95% original capacity. While this isn’t new as QuantumScape (QS) themselves have publicly announced this result in their Q3 2023 shareholder letter, this confirmation by a partner gives confidence…
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GM, Ford to adopt Tesla charging network and North America Charging Standard (NACS)
On Jun 8, 2023, GM CEO Marry Barra in a 10 minute Twitter Spaces chat with Elon Musk announced GM will join Ford to adopt Tesla’s charging network and to build GM cars using Tesla’ open North American Charging Standard (NACS) starting in 2025. This a win win for GM, Tesla and customers. GM customers…