Rivian Launches Also Inc. as BYD Targets Global Expansion Amid Robotics Push
Rivian's new startup targets micromobility while BYD expands overseas, and robotics companies urge the U.S. for a national strategy.
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BYD has been pulling ahead of Tesla.
It’s the world’s hottest car company. You can’t buy one in America | Business
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Emarketer's data showed that even with the projected spending increase, X's ad business is still smaller than it was when Musk acquired the company for $44 billion in late 2022.
X to report first annual ad revenue growth since Musk's takeover, data shows
CNBC·24d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.American robotics companies are pushing for a national robotics strategy, including establishing a federal office focused on promoting the industry at a time when China is making intelligent robots a national priority.
US robotics companies push for national strategy, including a central office, to compete with China
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Outside of Washington, however, Tesla car dealerships have been targeted by progressive activists across the country.
Tesla robots visit Capitol Hill amid anti-DOGE protests, attacks on Elon Musk's dealerships
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Despite the GOP show of support, Tesla’s brand has suffered in recent weeks from its close association with Musk.
The Hill·24d·ReliableThis source consistently reports facts with minimal bias, demonstrating high-quality journalism and accuracy.CenterThis outlet is balanced or reflects centrist views.The move comes as Rivian aims to grow its business while facing challenges such as supply chain woes, regulations and consumers wary about spending money amid economic uncertainty.
Rivian spins out startup focused on small, lightweight electric vehicles
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Tesla is the public face of the Trump administration in Canada thanks to Elon Musk’s fervent support.
Canada investigates whether Tesla wrongfully helped itself to a subsidy-fueled sales boom
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Since Also doesn't have the cost of having to buy that tech like most e-bike makers do, it may be able to make its products a lot cheaper.
Also, a Rivian EV spinoff, wants us to “move beyond cars”
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The international plans could spell trouble for Tesla, which had China and other international markets to drive growth in recent years.
China’s BYD aims to double overseas sales to 800K cars in 2025 as Tesla competition heats up
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The specter of tariffs has new automobile manufacturers bracing for the worst, but for the collecting side of the business, recent auctions indicate quite the opposite of doom and gloom.
Wanna Buy a Car? The Boss at RM Sotheby’s Auctions Has Some Advice
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Summary
Rivian has launched Also Inc., focused on small electric vehicles and e-bikes, under RJ Scaringe's leadership, marking a strategic shift towards micromobility. Concurrently, BYD aims to double its overseas sales to over 800,000 units and expand into Latin America and Southeast Asia, highlighting its success with innovative, cost-effective EVs. Meanwhile, U.S. robotics companies, including Tesla and Boston Dynamics, are advocating for a national robotics strategy to enhance competitiveness against China, which is rapidly advancing in AI and robotics. These developments indicate a dynamic landscape as companies innovate to meet evolving consumer demands.
Perspectives
The emergence of new EV makers like 'Also' reflects a shift towards innovative products for e-mobility and micromobility, as traditional vehicles face increasing competition.
Despite concerns over tariffs, the high-end collector car market continues to thrive, indicating strong demand for luxury items in the automotive industry.
Tesla faces scrutiny over its sales practices in Canada, with investigations into whether it exploited subsidies, highlighting ethical concerns within the EV market.
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