source: Wall Street news

on Wednesday, rivian, the \

on Wednesday, November 17, Eastern time, the share price of rivian, the \

on Wednesday, November 10, rivian, an electric vehicle manufacturer, was listed on NASDAQ with the stock code \

on Thursday, November 11, rivian continued to soar by more than 20% on the second day of listing. The market value of the company backed by Amazon and Ford has reached% 26nbsp; $101 billion, more than GM's market value (about $88.8 billion).

on Tuesday, November 16, rivian% 26nbsp, which has been listed for less than a week; Continued to soar, with an intraday market value of more than $140 billion, surpassing Volkswagen, the third largest in the world in terms of market value.

such an upgrade and strange rise finally ushered in a rare reason in the market today. However, the electric vehicle sector seems to have ushered in a new round of investment relay race.

was previously by rivian% 26nbsp; GM's share price, which surpassed, hit a new high today, with an intraday increase of more than 3%, the highest since getting rid of bankruptcy in 2009, and GM is steadily approaching a market valuation of $100 billion. GM's soaring share price may benefit from the opening of its electric vehicle factory today.

according to CNBC, today, GM is celebrating the opening of its first special electric vehicle factory in Detroit. Mary Barra, CEO of GM, rang the opening bell at the factory earlier, and President Joe Biden will visit the factory in the afternoon. Barra  Previously, it had said ambitiously that by 2025, GM's electric vehicle sales in the United States would \

GM is currently manufacturing pre-produced GMC Hummer electric vehicle pickups at the plant and is expected to start delivering them to customers soon. Less than two years after GM announced that it would invest $2.2 billion to completely renovate the plant to produce all kinds of all electric trucks and SUVs, the HAMT ramk assembly plant in Detroit has now begun production.

previously, Ford and GM executives said that they expected the impact of chip shortage to last until next year, and even possibly until 2023. Recently, General Motors said that \

GM plans to increase its operating profit margin from 7.9% last year to 12% - 14% in 2030, and its revenue is expected to reach $280 billion in 2030, which is twice the average level of the past five years (about $140 billion). Meanwhile, the goal of Cruise, a general motors owned auto driving subsidiary, is that by 2030, the number of self driving cars will reach at least 1 million vehicles.

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responsible editor: Zhang Yujie sf107



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