Rivian's electric vehicle factory in Normal, Illinois. The company is losing hundreds of thousands of dollars due to enormous material and production costs. Reuters
Rivian's electric vehicle factory in Normal, Illinois. The company is losing hundreds of thousands of dollars due to enormous material and production costs. Reuters
EV makers burning cash due to sky-high raw material and production costs
Many EV start-ups recorded huge losses in September quarter and warn high costs are here to stay due to surging inflation and global supply chain crisis