American electric car manufacturer Rivian Automotive Inc. (NASDAQ: RIVN) has raised its EV production estimates for 2023 thanks to production-line improvements during the second quarter of the year. Rivian will manufacture 2,000 more electric SUVs, vans and trucks at its production plant in Illinois, bringing the plant’s total production estimates to 52,000 electric units.
The EV maker is one of Tesla’s largest competitors in the U.S. vehicle market and has even been called the “Tesla-killer” by analysts who believe…
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