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After the initial public offering Rivian capitalization exceeded 100 After the initial public offering Rivian capitalization exceeded 100

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After the initial public offering, Rivian capitalization exceeded $ 100 billion

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Rivian Automotive is up 53% from its starting price since its debut on the Nasdaq today. Their combined value exceeded $ 100 billion, making Rivian’s largest IPO this year.

In fact, Rivian is now the second largest automaker in the United States by market capitalization, second only to Tesla, which is worth $ 1.01 trillion. For comparison: General Motors has a market value of $ 85 billion, Ford Motor at about $ 77 billion, Lucid Group at $ 65 billion. At the same time, the Rivian company has just started selling its electric vehicles.

Rivian’s largest shareholder is Amazon.com, which owns 20% of the electric vehicle maker.

“The Rivian IPO demonstrates strong investor interest in electrification and mobility technologies,” said Asad Hussain, senior analyst at PitchBook.

The source adds that the electric vehicle companies were among the most attractive for investments in the past year.

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1711 km on one tank, consumption of 3.2 liters of gasoline per 100 km, the second level of autonomy. GAC Yingku hybrid crossover presented in China

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1711 km on one tank consumption of 32 liters of

Another hybrid crossover, the GAC Yingku, has been announced in China. It differs from many models already on the market with a futuristic front design, the use of a 2.0 liter engine as part of the power plant (usually a 1.5 liter internal combustion engine is used) and, of course, autonomy. According to official data, this crossover is capable of driving 1711 km on one tank of gasoline, and the declared consumption is 3.2 liters of gasoline per 100 km.

1711 km on one tank, consumption of 3.2 liters of gasoline per 100 km, the second level of autonomy.  GAC Yingku hybrid crossover presented in China

While the capacity of the traction battery is not reported, there is no data on the electric motor. The developers only reported that the ICE of the 2.0-liter hybrid installation operates on the Atkinson economy cycle and is connected to the GMC 2.0 electromechanical transmission. GAC Yingku will also have pure petrol versions with 1.5 and 2.0 liter turbocharged engines. They will, of course, have less mileage on one tank of gasoline.

1711 km on one tank, consumption of 3.2 liters of gasoline per 100 km, the second level of autonomy.  GAC Yingku hybrid crossover presented in China

For GAC, Yingku will offer a system of intelligent driving assistants based on a Qualcomm Snapdragon 8155 single-chip system with 27 sensors and sensors. But only the second level of autonomy is declared, so you can count on a maximum of adaptive cruise control. But it is reported that there are eight parking modes – the car can park on its own at a distance of up to a kilometer.

1711 km on one tank, consumption of 3.2 liters of gasoline per 100 km, the second level of autonomy.  GAC Yingku hybrid crossover presented in China

The creators have not announced a production start date for the GAC Yingku, but it is expected to start production in the second half of this year. Prices, respectively, will be announced closer to the start of sales.

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Dimensity 8000, 4500mAh, 100W, 54MP, 12GB RAM, 512GB Flash for $655. In China, sales of the top version of Honor 70 Pro started

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Dimensity 8000 4500mAh 100W 54MP 12GB RAM 512GB Flash for

Smartphones Honor 70 and Honor 70 Pro debuted in China at the very end of May, and sales started about a week later. Now in the Celestial Empire, sales of the top version of Honor 70 Pro, equipped with 12 GB of RAM and 512 GB of flash memory, have begun. They are asking for the equivalent of $655.

Dimensity 8000, 4500mAh, 100W, 54MP, 12GB RAM, 512GB Flash for $655.  In China, sales of the top version of Honor 70 Pro started

The Honor 70 Pro features a 6.78-inch OLED screen with a resolution of 2652 x 1200 pixels and a 4500mAh battery with 100W charging support. At the heart of the hardware platform is the SoC MediaTek Dimensity 8000 with performance roughly on par with the Snapdragon 888.

Honor 70 Pro received a 50-megapixel front camera and a main one with sensors with a resolution of 54 (this is a Sony IMX800 with an optical format of 1 / 1.49 inches), 50 and 8 megapixels. The latter provides a 3x optical zoom.

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Virgin Orbit successfully launched a LauncherOne rocket carrying seven NASA research satellites using a Boeing 747 Cosmic Girl carrier aircraft

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Virgin Orbit successfully launched a LauncherOne rocket carrying seven NASA

Virgin Orbit launched a seven-satellite rocket from California’s Mojave Aerospace Port on Saturday, marking the company’s first successful overnight mission. Virgin Orbit launched satellites into low Earth orbit using its Boeing 747 carrier aircraft called Cosmic Girl, which had a LauncherOne rocket attached to it.

Virgin Orbit successfully launched a LauncherOne rocket carrying seven NASA research satellites using a Boeing 747 Cosmic Girl carrier aircraft

The mission, named Straight Up after a song by Paula Abdul, involved the launch of seven NASA research satellites. As in previous missions, the launch of the rocket took place from a height of 10 km, which climbed Cosmic Girl. The carrier plane’s flight was originally scheduled to take place on Thursday, but Virgin Orbit postponed the mission after experts found LauncherOne’s propellant temperature was “slightly out of range.”

Virgin Orbit successfully launched a LauncherOne rocket carrying seven NASA research satellites using a Boeing 747 Cosmic Girl carrier aircraft

Virgin Orbit successfully launched a LauncherOne rocket carrying seven NASA research satellites using a Boeing 747 Cosmic Girl carrier aircraft

In total, Virgin Orbit has already carried out five launches, four of which were successful (only the first test was unsuccessful). Virgin Orbit is owned by British billionaire Richard Branson, but should not be confused with Virgin Galactic, the company’s separate commercial spaceflight division.

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