OEM's are working to increase market penetration of EV'sSlow sales aren't unique to Exro.
You should applaud recent initiatives in the EV space.
There's a common theme. "Reuters) -Material cost of Rivian's second-generation R1 electric SUVs and pickups will be 20% lower than the current version, CEO RJ Scaringe said on Thursday, after it overhauled its manufacturing plant and removed vehicle parts to slash cost.
Costs will go down further as Rivian continues to make improvements, Scaringe said at the company's first investor day.
Shareholders have been eagerly looking for details on the company's push to profitability as the EV industry tackles a sharp slowdown in demand.
The CEO's comments come days after Volkswagen (ETR:) said it would invest up to $5 billion in Rivian as part of a joint venture for its EV architecture and software....."