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.
Volkswagen increases Rivian investment as $5.8 billion EV joint venture officially launches
Volkswagen has increased its planned investment in the electric automaker Rivian through a joint venture that officially launches Wednesday. The first Volkswagen models made with Rivian’s technology are expected to launch in 2027.
Shares of Rivian jumped over 15% on Wednesday after the electric vehicle maker announced a $5.8 billion investment from ...
A Shepherdsville Fire Department official confirmed crews were at the scene, but could not provide further information.
Rivian Automotive ( RIVN -5.54%) stock is hitting the brakes today after it spiked nearly 14% yesterday. That jump came after ...
Volkswagen Group raised its investment in Rivian by 16% to $5.8 billion, the two automakers said on Tuesday, as the companies ...
Shares of Rivian jumped over 15% after the EV maker announced a $5.8 billion investment from German automaker Volkswagen as ...
Analysts led by Dan Ives at Wedbush have highlighted the significance of Volkswagen’s VWAGY increased investment in ...
Volkswagen raised its planned investment in Rivian to $5.8 billion. But Trump administration is unlikely to bode well for EV ...
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