'Rivian said in a statement that it doesn't believe the vehicle's high voltage battery was involved in the fire.' -InsideEVs
Portfolio Pulse from Benzinga Newsdesk
Rivian's R1T electric vehicle caught fire at an Electrify America charging station, but the company stated that the vehicle's high voltage battery was not involved in the incident.
June 06, 2023 | 2:18 pm
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Rivian's R1T electric vehicle caught fire, but the company claims the high voltage battery was not involved, potentially mitigating concerns about the vehicle's safety.
The news of a Rivian R1T catching fire could negatively impact the company's stock price in the short term, as it raises concerns about the safety of their electric vehicles. However, Rivian's statement that the high voltage battery was not involved in the fire may help mitigate some of these concerns. The incident could still lead to increased scrutiny and potential reputational damage for the company.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100