Get the latest tech news
What Rivian, Lucid, and Fisker tell us about the current state of EVs
The EV revolution will not be smooth.
For years, it was assumed that Tesla as well as the dozen or so other pure EV companies it helped spawn, would outmaneuver the legacy automakers thanks to a laser focus on electric powertrains and battery production. The contractor, Magna International, published its earnings this week in which it basically wipes its hands of Fisker by stating that it won’t be making any more Oceans for the struggling company. Once it’s finished retooling the factory, Rivian says it will have enough space to build 215,000 vehicles annually, including 155,000 R2s — which seems wildly optimistic considering the current state of customer demand for EVs.
Or read this on The Verge
