⚡ Is this a Win for Tesla?

⚡ Rivian Joins Ford and GM in Embracing Tesla's Charging Standard for Electric Vehicles

Rivian, the electric truck and SUV company backed by Amazon, is joining Ford and GM in adopting Tesla’s North American Charging Standard (NACS).

Starting in 2025, Rivian will build its R1T pickup and R1S SUV with NACS-style charging ports. And by spring 2024, Rivian owners will be able to use adapters to access Tesla’s Supercharger network.

This is a big win for Tesla, as more automakers and charging companies adopt its standard. And it’s good news for Rivian owners too, who will have more options for fast charging their vehicles.

So if you’re thinking of buying a Rivian, you’ll soon be able to charge it up at a Tesla Supercharger.

Rapid Rundown

• 🔌 Rivian to adopt Tesla’s North American Charging Standard (NACS) for its electric vehicles.

• ⚡ Rivian owners to access Tesla’s Supercharger network with adapters by 2024.

🛍️ YouTube Introduces First Official Shopping Channel in South Korea - Yonhap

YouTube is launching its first official shopping channel for live commerce in South Korea on June 30.

South Korea already has a booming live-streaming commerce business, so it’s the perfect place for YouTube to test out its new “shoppable” features.

The new channel will be in Korean and will start as a 90-day project. It will provide a live-commerce platform for companies and will livestream shopping content from about 30 brands.

This is YouTube’s first official shopping channel in any country. The company is focusing on becoming more “shoppable” as ad revenue has been affected by competition from platforms like TikTok.

Rapid Rundown

• 🛍️ YouTube launches its first official shopping channel for live commerce in South Korea

• 🎥 YouTube aims to become more “shoppable” amid competition from platforms like TikTok

🇮🇳 Micron Technology Secures Approval for $2.7 Billion Semiconductor Facility in India

India’s cabinet has approved Micron Technology’s $2.7 billion plan for a new semiconductor testing and packaging unit.

The government agreed to production-linked incentives worth $1.34 billion for the plant, which will be built in Gujarat.

This comes ahead of Prime Minister Narendra Modi’s state visit to the U.S., where he will meet with top American CEOs and be hosted at a state dinner in the White House.

The White House is pressing U.S. chip companies to invest in India and is “encouraged” by the number of firms considering it. Micron’s plans could boost Modi’s vision of making India a semiconductor hub.

Rapid Rundown

• 💰 India approves Micron Technology’s $2.7 billion plan for a semiconductor plant in Gujarat.

• 🇮🇳 India aims to become a semiconductor hub with U.S. support ahead of Modi’s visit.

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