Rivian Gets Itself in Trouble

Rivian (RIVN) has a knack for getting into trouble.

The start-up electric vehicle manufacturer has been in a not so encouraging situation for several months.

Indeed, the company is going through a very difficult and delicate period for any young car manufacturer: being able to mass-produce vehicles. It is at this stage that many suitors give up and go bankrupt.

For Rivian and his rival Lucid Group (LCID) , this phase is complicated by the disruptions to supply chains caused by the Covid-19 pandemic that has led to lockdowns in China, a country with factories from many suppliers. There is also the Russian war in Ukraine which pushed up the price of commodities such as nickel. All of these factors have contributed to driving up Rivian’s costs.


Be the first to comment

Leave a Reply

Your email address will not be published.