Rivian shares jumps 16% as Volkswagen Boosts Investment in Expanded EV Partnership
Rivian's ( RIVN, Financial) shares soared 16% on Wednesday after the company announced plans to form a deeper partnership with Volkswagen ( VWAGY, Financial ). Volkswagen intends to raise its stake in the joint venture with Rivan and take its total investment up to $5.8 billion from $5 billion.
Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said late Tuesday that it closed a hugely important deal, in which giant ...
Tesla and Rivian are two major players in the electric vehicle industry. While Tesla is profitable, Rivian is struggling ...
Rivian and Volkswagen Group have finalized a multibillion-dollar joint venture to develop software, paving the way to let the ...
2don MSN
The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian's software and electrical ...
Image source: Rivian. The joint venture will develop the architecture into something that can underpin a series of upcoming ...
Rivian stock price jumped sharply on Wednesday after the company unveiled details of its $5.8 billion joint venture with ...
Porsche and all remaining brands. The venture and the injection of capital from Volkswagen should also provide much needed ...
VW's investment in Rivian is growing as the joint venture gets off the ground for software and electrical architecture.
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Rivian expects its software and electrical architecture to power millions of Volkswagen, Audi, and Porsche EVs, generating ...
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