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DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
U.S. electric vehicle startups, including Ford, Tesla, and Rivian, are adjusting to weaker demand by focusing on cheaper models, slowing production ramp-ups, and implementing layoffs. The companies are facing challenges due to high borrowing costs and repair expenses.
What EV makers are doing to ride out a demand slump https://t.co/EXbEFOL2HT
U.S. electric vehicle startups are turning to cheaper models, slamming the brakes on their production ramp-up plans and laying off employees to navigate a slump in demand due to steep borrowing costs and high repair expenses for the vehicles. https://t.co/OlaWW0slJ1
Rivian’s R2 pre-order numbers hint at pent-up demand for Musk-free EV innovation https://t.co/7QwVJPHazo https://t.co/b9Yx5cleQF
