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Rivian Delays Electric Vehicle Shipments Again

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Electric car maker Rivian, which announced last November that the first version of the Rivian electric pickup truck was completely sold out, planned to begin production in June this year. This meant that the first customers would receive their vehicles in July. However, according to the latest information, deliveries have been postponed.

Reuters obtained a letter signed by the CEO of Rivian, sent to buyers. It says that due to supply chain problems, the company will delay deliveries of its debut car by more than a month.

More specifically, the first deliveries of the R1T pickup truck from July have been postponed to September, while deliveries of R1S SUVs have been postponed until the fall.

“The cascading impact of the pandemic has had a greater impact than anyone expected,” Chief Executive Officer RJ Scaringe said in a letter.

“Everything was affected, from the construction of the facility to the installation of equipment and the supply of vehicle components,” he continues.

The source recalls that the California-based startup, backed by Amazon and Ford, plans to go public later this year. According to Bloomberg News, he can count on a valuation of around $ 70 billion.

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Electric Cars

Tesla’s bitcoins have brought a “loss” to the company? The company’s digital asset depreciated by $ 51 million, but this is at the end of the third quarter

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Tesla has published a report on the results of the third fiscal quarter of this year. And it mentions the company’s loss from investments in bitcoin in the amount of $ 51 million. More precisely, we are talking about the depreciation of the asset by the specified amount, since in the third quarter, according to the report, the company did not sell or buy cryptocurrency.

Tesla’s third quarter ended on September 30. On that day, Bitcoin was worth a maximum of about $ 44,000. At the same time, since that moment, the price of the asset has grown by one and a half times, so now the company is clearly in the black. However, according to US law, although the company is obliged to stipulate the depreciation of digital assets in its financial statements, it is not required to indicate their growth. According to some estimates, Tesla now owns more than 43,000 bitcoins, which at its current exchange rate equals more than $ 2.8 billion. In terms of the financial statement as a whole, the company generated $ 13.76 billion. Net income amounted to $ 1.62 billion, which is almost five times more than a year earlier. The automotive business earned the company $ 12.06 billion, and the company raised another $ 806 million from its energy business, which combines energy storage and rooftop solar panels. …

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Electric Cars

Officially: the new Nissan Leaf will be a crossover

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Nissan’s new Leaf electric car will be a compact SUV. Rumors about this have been circulating on the web for a long time, but now the information has been officially confirmed by the head of the European division of Nissan, Guillaume Cartier. Back in July, plans were announced to build a new crossover in Sunderland as part of a massive £ 1 billion investment in the plant. The Nissan Leaf electric crossover will go into production in 2025 at a plant in the UK. At the initial stage, it is planned to produce 100 thousand cars annually.

The new Nissan Leaf crossover will be based on the Renault-Nissan-Mitsubishi alliance CMF-EV platform. By 2025, Nissan’s main lineup will include five models, all of which will be electrified crossovers: Juke, Qashqai, Ariya, X-Trail and Leaf. The emphasis on electrification means Nissan will not invest in combustion engine technology to meet EU7 emission requirements due to be introduced in Europe in the middle of the decade. There are no technical details about the future of the Nissan Leaf yet. …

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Electric Cars

Squeeze all the autonomy out of the electric vehicle. Volvo electric cars get new Range Assistant

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Volvo has introduced the Range Assistant app, which will allow owners of Volvo and Polestar electric vehicles to save battery power.

Volvo says that with the latest wireless software update, Volvo all-electric drivers can also look forward to increased autonomy thanks to improvements in intelligent battery management and recuperation performance, as well as a smarter timer for battery pre-conditioning. So far, first of all, we are talking about the Volvo XC40 Recharge crossover.

The new software can automatically adjust the climate system to increase the range, provide information to the driver about all the factors affecting autonomy, and other functions will appear in the future. For example, training the driver in a driving style that will maximize economy.

Compatible cars, XC40 Recharge and Polestar 2, must be updated by the end of the month. The C40 Recharge will initially come with a new feature.

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