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Rivian shifts gears in the EV game, introducing the first ever electric pickup

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For adrenaline junkies who care a lot about the environment, we finally have the truck for you – and it’s electric!

The ultimate adventure truck powered by electricity

The world’s first ever electric truck has just rolled off production lines in Normal, Illinois.

Amazon-backed automotive company Rivian bet Tesla and General Motors in the race to manufacture the first electric pickup.

First introduced in 2018. the R1T debuted alongside its sister the R1S with plans to be the firstly developed 5-seat electric trucks.

Back then, the truck was anticipated to cover a range of over 400 miles before charge as the ultimate adventure car for drivers wanting an adrenaline rush.

Following the announcement, Rivian Founder and CEO RJ Scaringe said he wanted to deliver products the world didn’t already have, while redefining expectations through technology.

“Starting with a clean sheet, we have spent years developing the technology to deliver the ideal vehicle for active customers.”

Rivian Founder and CEO RJ Scaringe

“This means having great driving dynamics on any surface on or off-road, providing cargo solutions to easily store any type of gear, whether it’s a surf board or a fishing rod and, very importantly, being capable of driving long distances on a single charge.”

That dream now a reality

Those expectations were met today when the first R1T was rolled out of the factory and into the hands of the first-ever owner.

“After months of building pre-production vehicles, this morning our first customer vehicle drove off our production line in Normal!” Scaringe tweeted.

“Our team’s collective efforts have made this moment possible.”

“Can’t wait to get these into the hands of our customers.”

The R1T model has received regulatory approvals from the National highway Traffic Safety Administration, the US Environmental Protection Agency and the California Air Resources Board.

All 50 US states will see the model popping up in Rivian dealerships across the country, with the truck valued at $67,500 US dollars.

For those hanging out to get their hands on the wheel of one of these muscle machines across Europe, Australia and New Zealand, carsales says you’ll have to wait until early 2022.

Is Tesla behind the eight-ball?

Tesla is still yet to put a date on the release of their Cybertruck, another highly anticipated release for EV fans.

Written by Rebecca Borg

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Money

Interest rates impact investments, housing, and economy

Interest Rate Cuts: Implications for Borrowing, Housing Prices, and Australia’s Economy Post-COVID

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“Interest Rate Cuts: Implications for Borrowing, Housing Prices, and Australia’s Economy Post-COVID”

In Short

Interest rates in the US and Australia are under scrutiny as the impact of COVID-19 fades, raising concerns about investments and borrowing capacity. Experts are debating the long-term effects of Australia’s recent rate cut on housing prices and the cost of living crisis.

This development raises questions about its implications for investments, repayments, and savings.

To discuss these issues, we have Andrew Woodward from the Investor’s Way.

The rate cut has raised concerns about its impact on Australians’ borrowing capacity and the potential for rising housing prices.

There is also speculation about how this rate cut could affect the ongoing cost of living crisis in Australia. Experts are considering the possible long-term consequences of this reduction on Australia’s economy.

Many are asking whether this signals the start of a series of rate cuts by the Reserve Bank of Australia.

It’s important to examine how this shift in Australia’s monetary policy aligns with broader global economic trends.

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Hainan’s hidden paradise is transforming the global economy

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Once a quiet island, now a booming gateway—how Hainan is becoming a powerhouse of trade, innovation, and opportunity

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, discover China’s best-kept secret, where the rapidly evolving, visa-free, and largely tax-free island of Hainan is unveiled to the world for the first time. With its booming economy and vast untapped potential, Hainan presents a golden opportunity for Australian businesses looking to break into the world’s largest market. Journey through breathtaking landscapes, meet visionary leaders, and explore bold innovations shaping this emerging economic powerhouse—one poised to drive global growth for the next decade.

 

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From fishing village to tech titan—Guangzhou and Shenzhen are shaping our future

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How two Chinese megacities became the beating heart of innovation, trade, and global ambition

The Big Picture unveils the incredible story behind China’s newest economic powerhouse. Host Mark Llewellyn explores a tropical island that has been transformed into a thriving hub for Australian and international businesses. As part of the Fortune Bay economic zone, this region is poised to drive China’s economy—and global growth—over the next decade. With ambitious plans in place, the opportunities for innovative and successful Australian businesses could be immense.

In this episode, Mark Llewellyn explores the economic dynamism of Guangzhou and Shenzhen—two of China’s most vibrant cities brimming with opportunity. From Guangzhou, home to 30,000 foreign-owned companies and a rich cultural tapestry, to Shenzhen, which has evolved from a fishing village into a high-tech ‘Silicon Valley’ powerhouse, this episode uncovers the forces driving their success. Get an exclusive look inside DJI, the world’s largest drone manufacturer, and meet the visionary minds shaping the future of technology.

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