Amazon-backed EV startup Rivian reached $99 billion valuation

After months of speculations, Rivian finally made its debut on the stock market. Electric vehicle startup’s stock began trading at $106, almost %40 higher than its expected price of $78. Rivian was founded in 2009 by RJ Scaringe, an MIT engineering grad who previously failed on some other EV startups. This time was different. Today Rivian reached… Continue reading Amazon-backed EV startup Rivian reached $99 billion valuation

Geely starts the production of its premium electric vehicle Zeekr 001

Geely’s premium EV brand Zeekr officially started the production of its first vehicle in China. Last month, Chinese automaker announced the opening of its first facility called “Zeekr Intelligent Factory”, and also confirmed deliveries will start this October. As expected, yesterday Geely shared photos from the new manufacturing facility and unveiled the first Zeekr 001 rolled… Continue reading Geely starts the production of its premium electric vehicle Zeekr 001