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I hope you had a great weekend, InsideEVs readers!
In case you missed our latest Rivian analysis over the weekend, you can catch up below. The company said last week that the R2 was already its best-selling model in Q3. But what also caught our attention was the contribution of its electric delivery van to the automaker’s bottom line.
As Tim Levin explains in his latest story, Rivian’s EDV is an underrated commercial success. Amazon is snapping up these vans in droves, helping the California startup book $1.6 billion in revenue from the tech giant alone in the first three quarters of the year.
That and more in today’s edition of The Update.
Why Overseas Producers Can't Undercut Atlas Salt, Even for Free
Cities are already running short on road salt, and winter hasn't even started. Some supply bids are going unanswered, prices have nearly doubled in parts of the market, and the backup plan is two weeks away by boat. Here's why Atlas Salt (TSXV: SALT | OTCQX: SALQF) can get salt to the people who need it most, faster and cheaper than anyone shipping from overseas:
• Three days by ship to Boston, not fourteen
• Shallow deposit that's cheaper and faster to mine
• Projected C$188M a year in free cash flow
• Export Development Canada interested in lending C$150M
• Early supply deal with top U.S. salt distributor
