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.
Summary
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.
Sources (12)
- Rivian's spin-off of its micromobility business into Also showcases an industry-wide trend towards diverse vehicle types, as electric transportation's future depends on innovation.
- Concerns are mounting about the growing influence of Tesla’s CEO Elon Musk on public perception, with many liberal consumers distancing themselves from the brand due to his controversial role in government.
- The financial struggles of Tesla are exacerbated by progressive activists targeting its dealerships, reflecting a larger cultural backlash against the company's connection to Trump-era policies.
CNN·2M· "…BYD has been pulling ahead of Tesla."
Los Angeles Times·2M· "…The move comes as Rivian aims to grow its business while facing challenges such as supply chain woes, regulations and consumers wary about spending money amid economic uncertainty."
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