uber darthium
2 months ago
Just another lithium ion battery in thermal runaway. One day sooner than later, this is going to happen in the bottom of a high rise building in the U.S. and itβs going to take down a building in a 9/11 style which will be so sad, so predictable, so preventable. These rolling chemical ticking time bombs need to be parked by themselves, away from any structure, including residential garages and public multilevel garages
The tree huggers never talk about the horrific toxic off gassing that comes from these fires.
This is our futureβ¦
eastunder
4 months ago
Rivian Releases Q2 Production Figures and Sets Date for Second Quarter 2024 Results
July 02, 2024 08:32 AM Eastern Daylight Time
https://www.businesswire.com/news/home/20240702827857/en/
IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production and delivery totals for the quarter ending June 30, 2024. The company produced 9,612 vehicles at its manufacturing facility in Normal, Illinois and delivered 13,790 vehicles during the same period.
Production and delivery results during the second quarter of 2024 were in line with Rivianβs expectations. For the full year 2024, management is reaffirming guidance for annual production of 57,000 total vehicles.
The company also announced that on August 6th, after market close, it will release its second quarter 2024 financial results.
Rivian will host an audio webcast at 5:00 p.m. ET the same day to discuss the performance and outlook for the business. The live webcast will be available at https://edge.media-server.com/mmc/p/xrd6jtg8 and a replay will be available for four weeks at www.rivian.com/investors following the webcast.
Bountiful_Harvest
4 months ago
Rivian / Volkswagen's $5 Billion Joint Venture speaks volumes on future expectations for this sector. Good point regarding vanadium..."Batteries need to improve, I donβt know what happened to vanadium"I think Saean Group may have the solutions:
https://www.otcmarkets.com/stock/SEAN/news/Saean-Group-Incs-Hybrid-Battery-research-team-is-in-operation?id=423787
"Hybrid all-solid-state battery" is a new concept battery that combines the advantages of existing lithium polymer batteries and super capacitors and is a new concept battery that is free from low temperatures, high temperatures, shocks, and explosions.
Although the price of lithium has decreased a lot recently, the price of vanadium per kilogram is remarkably low, so it can reduce mass-produce costs.
In particular, Saean is developing ways to increase the energy density (Wh/kg) by more than 250 by using vanadium and a very small amount of lithium." Almost impossible to get their shares now as they have 99.999% of their shares locked up (restricted)....saving for NASDAQ?
RIVN$
trunkmonk
4 months ago
E vehicles are the way to go, regardless of global warming. U get break horsepower at 0 RPMs. Most efficient engine out there with lots of torque. I would luv to see a small hybrid diesel, maybe 25hp, that runs at idle speeds, barely sipping fuel, and charging batts as u go. Using plug in at the end of the trip or maybe once. Batteries need to improve, I donβt know what happened to vanadium, but that would give a 2 type battery vehicle energy and power options as needed. Been watching it for decades. I know exactly what it needs, and know the technology as well as anyone. Batt tech is almost there.
eastunder
4 months ago
Rivian investors to seek details on path to profits at investor day
https://finance.yahoo.com/news/rivian-investors-seek-details-path-102804260.html
Akash Sriram
Updated Thu, Jun 27, 2024, 7:11 AM MDT2 min read
By Akash Sriram
(Reuters) -Rivian shareholders will seek details on the company's upcoming models and progress in cutting costs at an investor day event on Thursday, two days after the US electric vehicle maker announced a $5 billion investment from Volkswagen.
The JV, which will give VW access to Rivian's electrical architecture and software, is a "vote of confidence" in the American automaker's prospects as it looks to produce and sell less expensive R2 and R3 crossovers to compete with Tesla's bestselling Model Y SUV.
Amazon.com-backed Rivian still lost about $39,000 per vehicle sold in the first quarter, but analysts expect the company to post its first quarterly gross profit in the fourth quarter.
Rivian halted production for three weeks in April to implement cost-saving measures. Reuters reported last week the company has retooled its manufacturing process, resulting in a 35% reduction in the cost of materials for vans and savings of "similar magnitude" for its other lines.
"Rivian will be sharing more about the R2 and R3 models, as well as details on the deal with Volkswagen," said Michael Shlisky, analyst at D.A. Davidson. "I am sure financial details will be discussed, but they may wait until next week to share Q2 sales figures and guidance updates."
Demand for electric vehicles has faltered amid high borrowing costs, and as buyers turn to cheaper gasoline-electric hybrid vehicles.
Rivian expects to produce between 9,100 and 9,300 units in the second quarter and hand over between 13,000 and 13,300 vehicles to customers in the April-June period, it said in a presentation for the investor day.
Wall Street had expected quarterly deliveries of 10,282 units and production of 9,369 vehicles, when the company reports quarterly figures on July 2, according to analysts polled by Visible Alpha.
Shares dropped about 2% in premarket trading on Thursday.
Even Tesla is struggling and is expected to report its first drop in annual sales this year. It has slashed prices and is offering incentives to sell more vehicles.
Among EV startups, Rivian is best placed to survive weak demand, thanks to the investment from VW. Some of its peers such as Fisker have filed for bankruptcy.
Rivian had nearly $6 billion of cash and cash equivalents at the end of the March quarter.
To save cash, Rivian plans to make the new models at its existing Illinois facility and paused investments in a previously announced plant in Georgia.
Rivian's stock has lost more than a third of its value this year, even after its best-ever one-day gain of 23% on Wednesday, partly due to the company sticking to its production forecast of 57,000 for the year - roughly the same as 2023.
harry crumb
4 months ago
People, these shorts are going to fry, this company is developing state of the art technology, why do you think volkswagon is investing in them, germany already delivered audis to test, this is going to pop huge, look at the valuation, its a no brainer longvterm hold imo, we are adding to the stash my friends $$$$$$$