Glonghui July 1 | US electric vehicle manufacturer Rivian (RIVN.US) rose more than 5% to $14.09. According to the news, it was revealed on Investor Day that deliveries of between 13,000 and 13,300 vehicles in the second quarter of this year were higher than market expectations of 102,000 vehicles. The company maintained the guideline for production of 57,000 vehicles this year and confirmed the target of recording gross profit for the fourth quarter of this year. The company also disclosed that its long-term goal is to achieve 25% gross profit margin, a high double-digit adjusted EBITDA ratio and a free cash flow ratio of about 10%. Additionally, DA Davidson: Raised Rivian Automotive's target price from $12 to $13, maintaining a “neutral” rating.
美股异动｜Rivian涨超5% 投资者日披露次季交付最少1.3万辆超预期
U.S. stock market fluctuations: Rivian's stock rose more than 5%, with investors reporting delivering at least 13,000 vehicles in the second quarter, exceeding expectations.
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