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Rivian abandons 2027 profitability target to accelerate autonomous driving technology development.
Electric vehicle manufacturer Rivian (NASDAQ: RIVN) quietly abandoned its original 2027 adjusted EBITDA profit target earlier this year. Analysts believe this move is aimed at increasing R&D spending to accelerate the development of its autonomous driving technology roadmap, which is crucial for the company's long-term success. Rivian achieved a positive gross margin for the first time in the fourth quarter of 2024.
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Source：Yahoo财经 · Source Link
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