Rivian founder and chief executive RJ Scaringe told analysts that the decisive edge held by Chinese EV makers is capital that costs them nothing — "in many cases the capital cost is zero, meaning it's being provided by the local government."
Rivian founder and CEO RJ Scaringe told analysts on Thursday that the rate at which R2 reservation holders are converting to orders has run "meaningfully higher" than the company's internal projections.
Rivian's software and services segment generated $515 million of revenue in the second quarter, up 37.0% year over year, and $215 million of gross profit at a 42.0% margin — the company reported on Tuesday.
Rivian again declined to disclose how many R2s it built in the second quarter, leaving almost all of a 20,000-to-25,000 full-year target to the six months remaining.
Rivian said on Thursday its commercial van platform surpassed one billion cumulative miles driven in the second quarter, the first mileage figure it has published.
Rivian reported a second-quarter adjusted EBITDA loss of $379 million on Thursday, against a $472 million loss in the first quarter and a $667 million loss a year earlier.
A camouflaged Lucid Cosmos was photographed testing on Thursday, as the company prepares to unveil its third model later this Summer.
Xiaomi co-founder and chief executive Lei Jun said on Thursday that the SkyNomad N90 Max delivers a combined range of 1,705 kilometres on China's CLTC cycle, unveiling the company's first extended-range powertrain at a technology event in Beijing.
An investment firm co-founded by Nio Inc.'s founder and chief executive William Li is the third-largest shareholder in a battery-swap operator that has now refiled for a Hong Kong listing.
Porsche reported a 33.9% rise in first-half operating profit on Wednesday, to €1.35 billion from €1.01 billion. Almost all of the improvement came from an accounting swing rather than from the business.
An independent range test run on the same road, on the same day, at the same speed has found Rivian's R2 Performance covering 76.7% of its EPA-rated range while a Tesla Model Y Performance exceeded its own.
Tesla shares fell below $300 on Wednesday for the first time since August 2025, touching $299.70 before recovering, as the decline that began with second-quarter results entered a fifth session.
Porsche sold a smaller proportion of fully electric cars in the first half of 2026 than a year earlier, and left unchanged a full-year target that now requires a step-change in the second half.
Ford shares rose more than 8% on Wednesday morning in New York, after Citi upgraded the stock and at least five other brokerages raised their price targets on the back of second-quarter results and an increased full-year forecast.
The next checkpoint in Lucid's robotaxi programme with Nuro and Uber falls in August, which begins on Saturday.
Prince Alwaleed bin Talal's Lucid holding rose about $27.3 million in value on Tuesday, after disclosure of his 5.00% stake sent the shares up 21.5% in the heaviest trading session of the week.
Ford has appointed a senior BYD executive to run its European sales operations, turning to the Chinese giant that has been taking share from it for a leader to reverse the steepest regional decline among major carmakers.
Sanjay Chandra, Lucid Motors' most senior information technology executive, has stepped down from the company, a person close to the matter told EV on Tuesday.
Ford reported a second-quarter loss of $919 million at its Model e electric vehicle division, an improvement of $410 million on the same period last year, achieved almost entirely by selling fewer electric vehicles.
Lucid Motors' shares rose as much as 30.6% on Tuesday, to $8.49 from Monday's close of $6.50, after a regulatory filing showed Prince Alwaleed bin Talal holding 5.00% of the EV maker.
