Yueqi Yang

Business, Technology, Equipment, Fuel

Rivian Sees Deeper Loss on Higher Production Costs for Debut EV

Rivian The Rivian Automotive Inc. R1T electric pickup truck. (Patrick T. Fallon/Bloomberg News)

Rivian Automotive Inc., the Amazon.com Inc.-backed electric-pickup maker that is seeking to go public, expects to record a quarterly net loss of up to $1.28 billion due to costs associated with the start of production of its debut truck.

Yueqi Yang | Bloomberg News
October 25, 2021
Business, Technology, Equipment

GM Plans ‘Substantial Shifts’ in Supply Chain as Chip Shortage Persists

GM sign Matt Rourke/Associated Press

General Motors Co. is planning to revamp its supply chain as the pandemic-triggered chip shortage and rising demand for chip-intensive vehicles have demonstrated the need for an overhaul.

Yueqi Yang | Bloomberg News
September 20, 2021
Business, Technology, Equipment, Fuel

EV Tax-Credit Plan Draws Ire From Nonunion Toyota, Tesla

Electric David Paul Morris/Bloomberg News

A proposal by U.S. House Democratic lawmakers to give union-made electric vehicles higher subsidies drew criticism from nonunionized automakers, including Toyota Motor Corp., Tesla Inc. and Rivian Automotive Inc.

Yueqi Yang | Bloomberg News
September 13, 2021
Government, Business, Technology, Autonomous

Elon Musk to Host NBC’s ‘Saturday Night Live’ on May 8

Tesla CEO Elon Musk Tesla CEO Elon Musk by Patrick T. Fallon/Bloomberg News

Tesla CEO Elon Musk will host “Saturday Night Live” for the first time on May 8, NBC said.

Yueqi Yang | Bloomberg News
April 26, 2021