Rivian Launches Also Inc. as BYD Targets Global Expansion Amid Robotics Push
Rivian's new startup targets micromobility while BYD expands overseas, and robotics companies urge the U.S. for a national strategy.
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Overview
Rivian has launched Also Inc., focused on small electric vehicles and e-bikes, under RJ Scaringe's leadership, marking a strategic shift towards micromobility. Concurrently, BYD aims to double its overseas sales to over 800,000 units and expand into Latin America and Southeast Asia, highlighting its success with innovative, cost-effective EVs. Meanwhile, U.S. robotics companies, including Tesla and Boston Dynamics, are advocating for a national robotics strategy to enhance competitiveness against China, which is rapidly advancing in AI and robotics. These developments indicate a dynamic landscape as companies innovate to meet evolving consumer demands.
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Analysis
- The emergence of new EV makers like 'Also' reflects a shift towards innovative products for e-mobility and micromobility, as traditional vehicles face increasing competition.
- Despite concerns over tariffs, the high-end collector car market continues to thrive, indicating strong demand for luxury items in the automotive industry.
- Tesla faces scrutiny over its sales practices in Canada, with investigations into whether it exploited subsidies, highlighting ethical concerns within the EV market.
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