The company said it expected to produce only 25,000 electric vehicles this year, adding a new cloud to its outlook only months after a hot I.P.O.
The state is expected to write strict auto pollution standards designed to significantly speed the transition to electric vehicles and influence new federal rules.
A wireless infrastructure company is betting it can figure out how to locate and install charging stations for a growing wave of new vehicles.
E.V. operations will focus on technology and growth while the traditional business continues to chase profits. “You can’t have people work on both at the same time,” the chief executive said.
E.V. operations will focus on technology and growth while the traditional business continues to chase profits. “You can’t have people work on both at the same time,” the chief executive said.
The electric car start-up cited shortages of semiconductors and other supply chain problems.
The automaker, which owns Jeep, Ram and Fiat, said its profit more than doubled, thanks to higher prices and cost-cutting measures that outweighed interruptions caused by the semiconductor shortage.
The move would raise money at a time when automaker is investing heavily in electric cars and batteries.
“Es una de las principales transformaciones industriales quizá en la historia del capitalismo”, dijo un ejecutivo de la industria. La creciente demanda por los coches eléctricos está impulsando una transición radical que podría beneficiar al medioambiente.