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#evindustry — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #evindustry, aggregated by home.social.

  1. Rivian revised its 2025 goals, lowering vehicle delivery expectations and raising capital expenditure forecasts due to rising tariffs on auto parts. Despite reporting a Q1 gross profit of $206 million and reducing manufacturing costs, the company faces negative free cash flow and increasing market challenges.

    #Rivian #EVIndustry #Tariffs #Profitability #CashFlow #ElectricVehicles #TECHi

    Read Full Article Here :- techi.com/rivian-modifies-expe

  2. #Chinese #MiningCompany #SinomineResourceGroupCoLtd is considering building a #LithiumRefinery in #Manitoba & looking to team up with #Korea #LGEnergySolutionLtd - attempting to assuage #NationalSecurity concerns from federal government.
    Last year, #Beijing based Sinomine put #Tanco #LithiumMine into production in MB. It ships unrefined #lithium concentrate from site to #China for use in their #EVindustry . China dominates processing of lithium - 60% of #GlobalMarket

    theglobeandmail.com/business/a