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Rivian R1T - Copyright Rivian

Rivian needs to reduce production costs for electric pickups

The first electric pick-ups from the leading US manufacturers are still in the run-up and will not follow suit until the end of 2021 with the GMC Hummer EV, in spring 2021 with the Ford F-150 Lightning or not until 2024 with the Ram 1500 BEV. Meanwhile, since Rivian's IPO, the share price has more than doubled from $ 78 to $ 172 in a matter of days. The value of the car brand was thus already 16.11.2021 billion US dollars on November 151, 140. After just a few days, this start-up is already ahead of Volkswagen (79,37 billion US dollars), Ford (91,42 billion dollars) and General Motors (XNUMX billion dollars) in the global ranking.

Polestar 2 at Polstar Space - Copyright Polestar

Polestar establishes itself in the premium segment

The electric subsidiary Polestar of the Swedish carmaker Volvo has worked continuously on the premium product and image in recent years. The company, which specializes in the premium segment of electric cars, is a joint venture with the Chinese group Geely. So far, the German headquarters has continuously developed it further. In the future, the focus will be on the core of the brand, so that Polestar can establish itself as an autonomous brand. The new headquarters in Cologne will be the starting point for independent further development in the future.

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