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The CEO of Rivian, RJ Scaringe, recently expressed concerns about the state of the electric vehicle market in the United States, notably pointing out that only 8% of new vehicles sold in America last year were electric, compared to an overwhelming 45% of all car sales in China. This percentage has reportedly risen to 50% this year, showcasing the robust demand for electric vehicles in the Chinese market. With approximately 32 million vehicles sold in China annually—nearly double the size of the U.S. market—the potential for Rivian is enormous if they could tap into that consumer base.