UPS and FedEx's transition to electric vans slowed by battery shortages, low supply [Globe and Mail, The (Toronto, Canada)]
Rivian Automotive, Inc. (RIVN)
Company Research
Source: Globe and Mail, The
“The question is how many of those (companies) will be here in five years, 10 years?” Luke Wake, UPS's vice president of fleet maintenance and engineering, told Reuters. In a double whammy, UPS and FedEx are also losing access to California vouchers that help defray EV prices that can be about two times higher than traditional delivery trucks. UPS and FedEx obtained some relief from EV supply constraints when trend-setting California, the epicentre of electrification, put on hold a rule that would have required them to purchase electric delivery vehicles exclusively starting this year. An industry group whose members include UPS and FedEx has filed a lawsuit claiming that California first needed the approval of U.S. regulators. The delivery companies and their electric van suppliers face a Catch-22 situation, said Sam Fiorani, a vice president at AutoForecast Solutions. “You need the demand to have the supply and you need the supply to have the demand. Getting both of them to
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News
- Contact Levi & Korsinsky by June 18, 2024 Deadline to Join Class Action Against Rivian Automotive, Inc.(RIVN)Accesswire
- Class Action Filed Against Rivian Automotive, Inc. (RIVN) - June 18, 2024 Deadline to Join - Contact Levi & KorsinskyAccesswire
- SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of RivianPR Newswire
- Contact Levi & Korsinsky by June 18, 2024 Deadline to Join Class Action Against Rivian Automotive, Inc.(RIVN)Accesswire
- Levi & Korsinsky Notifies Shareholders of Rivian Automotive, Inc.(RIVN) of a Class Action Lawsuit and an Upcoming DeadlineAccesswire
RIVN
Earnings
- 2/21/24 - Beat
RIVN
Sec Filings
- 5/3/24 - Form 8-K
- 4/29/24 - Form ARS
- 4/29/24 - Form DEFA14A
- RIVN's page on the SEC website