Rivian CEO warns the looming EV battery shortage will make the chip shortage feel like ‘a small appetizer’ for what’s to come

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I mean there’s a reason why most EV manufacturers are building their own independent supply chains. The current capacity of the industry is waaaaay too small to meet future demand


Sounds like he’s just setting the stage for disappointing his shareholders with producing even fewer vehicles next year lol


Oof, that’s bearish for this stock lol. What I’m hearing is that they are unable to get a critical component of their product, and won’t be able to get enough for years to come.


“Put very simply, all the world’s cell production combined represents well under 10% of what we will need in 10 years,” Scaringe said, according to The Journal. “Meaning, **90% to 95% of the supply chain does** **not exist,**” he added.”


We need to focus on mass transit and increasing density. Cars will not save us. Even electric ones.