Nio unveils new model and talks power at Nio Day event
$Nio $ unveiled its the ET5 mid-size smart electric sedan at Nio Day 2021 today. The vehicle is the fifth mass-produced model from the Chinese electric vehicle maker.The automaker says the ET5 draws on the fluid silhouette of ET7 and "seamlessly integrates high-performance autonomous driving sensors into its pure yet progressive body lines.". The ET5 features the latest NIO Autonomous Driving and is said to be set to gradually achieve a safe and reassuring autonomous driving experience in scenar
EV startup Rivian reported a third-quarter net loss of $1.2 billion
Amazon-backed electric vehicle startup Rivian Automotive Inc on Thursday said it will build a $5 billion plant in Georgia, its second U.S. assembly plant, as it looks to expand production.In its first publicly reported quarterly results since it went public last month, Rivian also reported a third-quarter net loss of $1.2 billion. Rivian's shares tumbled 11% in after-hours trading after the company said it expected production to fall a few hundred vehicles short of its 2021 target of 1,200.The n