TECH - EV Slowdown Might Be Undebatable But EV Innovation Is Unstoppable | Benzinga
At the beginning of June, Rivian Automotive Inc (NASDAQ: RIVN) announced the redesign of its its all-electric R1 pickup and SUV models. By using Nvidia Corporation (NASDAQ: NVDA) chips, Rivian improved the range, performance and computing power of its vehicles. Rivian already made history by bringing the world’s first all-electric pickup to the road, beating even the EV king, Tesla Inc (NASDAQ: TSLA) whose long-anticipated Cybertruck came to life a while after. But, the EV concept continues to evolve as the automotive industry continues its all-electric transformation and EV makers need to evolve along with it.
Rivian revamped its R1S and R1T with the help of Nvidia.
Everyone, especially traditional automakers like General Motors, (NYSE: GM), Ford Motor (NYSE: F) and Toyota Motor (NYSE: TM), know very well that unlike internal combustion engine vehicles, EVs are more about software ...