Rivian, an electric-vehicle maker that has been around for over a decade, finally got around to delivering a product this year — 156 pickup trucks — and nearly all went to its employees. Despite that minuscule total, investors on Wednesday decided Rivian was in the same league as some of the most recognized names in … Read more
TOKYO: Panasonic Corp sold its stake in electric car maker Tesla Inc for about 400 billion yen ($3.61 billion) in the year ended March, a spokesperson for the Japanese company said on Friday. The sale comes as the bicycles to hair dryers conglomerate is seeking to reduce its dependence on Tesla and raise cash for … Read more
MUMBAI: In the first four months of 2021, shares of soared nearly 70 per cent driven by the expectations that the company will soon set up a lithium-ion battery plant in the country to capitalise on the growing demand for such energy storage units and the production-linked incentive plan announced by the government. The sentiment … Read more