EU Imposes Tariffs on Chinese EVs, Risks Beijing Retaliation

EU Approves Tariffs on Chinese EVs, Risks Beijing Retaliation EU votes to impose additional tariffs on Chinese-made electric vehicles (EVs), risking retaliation from Beijing. Tariffs could rise to 45% including the existing 10% on imported vehicles. European Commission will release the final plan by the end of October while seeking alternative solutions with China. The […]

Is Rivian Close to Bankruptcy?

Is Rivian Close to Bankruptcy? AutoForecast Solutions President warns of the risk of Rivian’s potential bankruptcy. The electric vehicle manufacturer is reportedly losing around $1.5 billion per quarter. A Trump re-election could pose a significant challenge for Rivian’s future. Despite Rivian Automotive (NASDAQ: RIVN) surpassing Wall Street’s predictions in its most recent quarterly report, the […]

What Lies Ahead for Lucid Group and Rivian Stocks?

What Lies Ahead for Lucid Group and Rivian Stocks? Slowing EV demand in the U.S. is driving more consumers to choose leases over purchases. Lucid Group and Rivian Automotive have been burning through cash for some time. Both companies’ stocks surged after securing crucial funding from Saudi Arabia and Volkswagen. The stock prices of Rivian […]