10
Nov
16:26
Rivian’s shares rise as start-up posts smaller-than-expected Q3 loss
US electric vehicle start-up Rivian has posted a smaller-than-expected net loss in Q3 and reaffirmed its production target for 2022, Kallanish reports.
The company, which is currently ramping up production at its factory in Normal, Illinois, US, reported a Q3 net loss of $1.72 billion, compared to $1.23 billion a year earlier. It has recently added a second shift to its production lines, but as it produces low volumes on lines designed for higher volumes, gross pr…
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Anonymous
Very good overview of the weekly steel market.
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