Chinese electric manufacturer Nio, known for its innovative battery-swapping stations for its EV fleet, has begun orders for its highly anticipated ET5 model, which looks to be a major boost for a proliferating company.
Rivian, the electric vehicle start-up that had a blockbuster IPO in November 2021 by raising $13.7 billion, has found longer-term support in its partnership with Amazon that could provide the buoyancy needed to ride out market volatility, reported CNBC.
Diversification has become a major focus for advisors and investors this year as they seek returns and performance in an environment of extended volatility.
China remains a global leader in electric vehicle manufacturing and adoption, with a burgeoning market and constant consumer demand backed by regulatory support.
Ford Motor Co. has its eyes on the prize, setting plans in motion to ramp up electric vehicle production significantly in the coming years, reported Reuters.