- “A net loss of $3.1 billion was primarily attributable to a mark-to-market loss of $5.4 billion on the company’s investment in Rivian,” Ford said in the earnings report.
...President Joe Biden has promised to craft policies to ensure 50% of new vehicle sales in the U.S. are emissions-free by 2030 and every addition to the federal government’s 600,000-vehicle fleet is electric by 2035.
...“Put very simply, all the world’s cell production combined represents well under 10% of what we will need in 10 years,” Scaringe said last week.
...“Put very simply, all the world’s cell production combined represents well under 10% of what we will need in 10 years,” Scaringe said last week.
“Meaning, 90% to 95% of the supply chain does not exist.”...
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