Rivian Automotive shares climbed over 30 per cent on Wednesday after a $5 billion investment announcement from German automaker Volkswagen. The Volkswagen investment will boost the loss-making startup, help it roll out new electric vehicle models. At 11:06 a.m. EDT, Rivian shares were at $15.64, higher $3.68 or 30.73 per […]
electric vehicles
From aluminum to zinc, base metals will be in the spotlight during the annual LME Asia Week gathering in Hong Kong. The electric vehicles that are poised to replace gas guzzlers in the coming decades will end up consuming a good chunk of energy themselves. And Russian natural gas still […]
M&M is looking to capitalize on its market leadership in the automotive and farm segments and unlock the potential of its key subsidiaries—Mahindra Lifespaces, Mahindra Holidays, and Mahindra Last Mile Mobility, which it has identified as its “growth gems”. The outlook for M&M’s automotive business is upbeat, with the company […]