The auto industry’s shift to electric cars was bound to bring a flood of new entrants. Startups such as Rivian, Lucid Motors, and Arrival have made their debuts with impressive EVs, but they’re facing a very practical problem: actually making them. In an intriguing piece, the Financial Times’ Peter Campbell details how nascent EV makers emerged and what risks they’re currently facing. The openness of the EV space, the lower barriers to entry compared to the ICE market, the ease of reverse takeovers (ROT), and Tesla’s success, all led investors to splash the cash on EV startups — even in companies…
This story continues at The Next Web
Welcome to the 'The Fact Factory' friends. Its an interesting Hot Spot which brings to you amazing and little known facts from all over the world. So, sit back, take a tour around the world and enjoy the trivia.
No comments:
Post a Comment