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Electric vehicle startup Rivian raises $2.65B as it gears up for mass production

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Less than six months after raising a $2.5 billion funding round, electric vehicle startup Rivian Automotive Inc. on Tuesday said that it has secured yet an additional $2.65 billion from investors.
T. Rowe Price led the latest round with participation from Amazon.com Inc.’s Climate Pledge Fund and others. The Climate Change Fund is a $2 billion investment vehicle launched by the online retail giant last year to back companies developing sustainable technologies. Amazon also participated in several of Rivian’s earlier funding rounds.
Plymouth, Michigan-based Rivian is preparing to launch two electric vehicles for the consumer market with a top range of more than 300 miles per charge. The vehicles will provide partial autonomous driving features via an artificial intelligence system, Driver+, that the startup says can perform tasks such as changing lanes. At the same time, Rivian is working to deliver 100,000 commercial delivery vans for Amazon as part of a de ....

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Rivian raises another $2.65B for Illinois-built EV

Rivian announced another $2.65 billion in funding as the Illinois-built electric truck startup gears up for its June launch. ....

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Winners and losers: Who has won big or lost ground going into 2021

Winners and losers: Who has won big or lost ground going into 2021
nny360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nny360.com Daily Mail and Mail on Sunday newspapers.

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Winners and losers of 2020 from the automobile world

These are the automakers that have won big or lost ground going into 2021
Published:
December 28, 2020 16:51
Washington Post
Some automakers have responded better to the shifting markets than others. The pandemic has enabled them to stop producing cars that didn t make money, rein in incentives, trim budgets for efficiency, and become more disciplined regarding supply and demand.
Image Credit: Supplied
If you asked automakers in April or May about the outlook for the rest of 2020, answers would have been grim.
Plants around the world were shut down, production stalled, workers were furloughed, sales plummeted, and billions of dollars were lost. Early estimates from IHS Markit had year-end U.S. sales barely cresting 12 million new vehicles. ....

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The Automakers That Have Won Big or Lost Ground Going Into 2021

The Automakers That Have Won Big or Lost Ground Going Into 2021
Bloomberg
12/24/2020
Hannah Elliott
(Bloomberg) If you asked automakers in April or May about the outlook for the rest of 2020, answers would have been grim.
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Plants around the world were shut down, production stalled, workers were furloughed, sales plummeted, and billions of dollars were lost. Early estimates from IHS Markit had yearend U.S. sales barely cresting 12 million new vehicles.
By December, many automakers had bounced back and then some. IHS now predicts 14.5 million new-vehicle units will be sold in the U.S. this year, down roughly 3 million units from 2019. Cox Automotive puts the number at 14.4 million, down 15.3% year-over-year. ....

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