It's already 20% of sales in China for the month of October 2021, up from 5% in January. 50% by 2030 is really a joke. China will likely hit 50% before 2023.
It'll be many years before Rivian starts to mass produce their vehicles.
Rivian tumbled 16% in morning trading
Rivian is in the final stage of negotiations on opening an automobile manufacturing and battery factory in the east of Atlanta, Georgia, USA.In addition, Rivian disclosed in a filing Tuesday that its underwriters bought an additional 22.95 million shares, increasing the total size of the IPO.
$XPeng Inc.(XPEV)$USD 35k for top of the line XPeng P5 with LiDAR, and USD 25k for base P5 (no driver assist). It's going to do very well in the Chinese market. [胜利]