Friday, March 26, 2021

Tesla's Chinese Rival Nio Temporarily Halts Production Due to Chip Shortage

Chinese electric vehicle maker Nio became the latest carmaker to temporarily suspend production as a result of a global semiconductor chip shortage that has led to major losses. https://ift.tt/2QEHAc5

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Mistral CEO Arthur Mensch says the startup's annualized revenue run rate was "north of $400M", up from $20M a year ago, and it is set to hit $1B ARR by 2026-end (Financial Times)

Financial Times : Mistral CEO Arthur Mensch says the startup's annualized revenue run rate was “north of $400M”, up from $20M a year ...