Rivian's revenue increased 78 percent to $1.6 billion on a 32 percent increase in vehicle sales as consumers rushed to get the expiring EV tax credit.

BYD has benefited from a surge in plug-in hybrid sales over battery electric vehicles and a backlash against Elon Musk.

Nexperia said its Chinese unit had stopped operating within the established corporate governance framework and is ignoring global management instructions.