Rivian Automotive said it would lay off 10% of its salaried workforce and expects vehicle output to be flat this year, citing tougher market conditions for its electric trucks. The startup said ...

Lucid Group on ... designed to jump-start sales. Tesla—the top-selling EV company in the U.S.—as well as General Motors, Ford Motor, Hyundai Motor and Kia all cut prices as the pace of EV ...

The cuts impact roughly 14% of the web browser and search startup ... cost cutting measures. The number of employees affected ...

This week, Rivian (RIVN) and Lucid Group (LCID) – both among the few credible, well-funded, and quality startup electric vehicle (EV) plays ... on the other hand, cut its 2024 capex ...

North America dropped from 77% in the second-half of 2020 to a still-leading 48% in the first half of 2024: Bernstein Canoo reined in costs, cutting ... The EV startup reiterated its previous ...

That makes Lucid the top performer on the tech-heavy index, which itself has jumped 15.7% since January 1. Lucid is even beating rival EV manufacturer ... hikes and start cutting interest rates ...

A startup that is out to electrify recreational ... Other members of the team have worked at Rivian and Lucid in addition to Tesla. Parker is based in San Francisco, where Lightship does research ...

He also stated that a startup should work with the mindset of a MSME. In the following video, Shetty shares insights on his journey in entrepreneurship, his interest in EV startups, top 5 mantras ...

It is designed to give a European start-up alternative the Lucid Air ... a radical combination of cutting-edge sustainable materials, ultra-advanced EV technology, smart manufacturing technologies ...

despite a price war started by the Elon Musk-led company to solidify its foothold in the competitive EV arena. Comparatively, Lucid's latest model is positioned at a slightly higher price point ...

The cuts impact roughly 14% of the web browser and search startup’s total staff ... of growth” amid a challenging EV market. Cut approximately 10% of its workforce, TechCrunch exclusively ...