Rivian has announced significant price increases on its R1T electric pickup truck even before full production gets started.
says Rivian now intends to build its own battery cells as it follows the Tesla vertical integration model. It is currently using electric motors supplied by Bosch, but also plans to build its own motors, which it claims have few parts, making them lighter and cheaper to manufacture.Nothing should surprises us when it comes to politics today, where left is right and up is down.
Georgia Governor Brian Kemp is in a tight race with former senator David Purdue. The challenger, who is backed by a disgraced former president, has come out against the proposed Rivian plant and aligned himself with local residents who say they don’t want the factory, which will be built on a 2,000-acre site in a rural part of the state 45 miles east of Atlanta. The factory is expected to create 7,500 jobs for Georgia workers.
The opposition is surprising to many political observers, who say Georgia has been trying for decades to attract new industries, only to lose out to neighboring states like South Carolina, Alabama, and Mississippi. It finally landed what most consider to be a prize commitment from Rivian and now the locals are up in arms. As a result, Rivian has been dragged into a sulfurous political battle it never sought and doesn’t want.
. Perhaps in a year or two, readers will look back and conclude that I am just a blithering idiot. Or I could hailed as a clairvoyant. In my humble opinion, Rivian today is where Tesla was several years ago when Elon was trying to get Tim Cook on the line to bail out his struggling business. Will Rivian succeed? “We’ll see,” said the Zen master.
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