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Rivian's next model is the midsize R2 SUV, due in mid-2026 at a starting price around $45,000. Image source: Rivian. Rivian's technology is a so-called "zonal" architecture, in which different ...
Shares of Rivian jumped over 15% on Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture.
(Reuters) -Shares of Rivian jumped over 15% on Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture.
The new agreement sees Volkswagen invest $5.8 billion in Rivian as part of a 50 percent stake in the joint venture focused on developing vehicle software.
On the positive side, Rivian also was looking at a huge Volkswagen joint venture, valued up to $5.8 billion, as well as a Department of Energy (DOE) conditional commitment for a $6.6 billion loan.
Volkswagen Group (VW) and Tesla rival Rivian have launched a joint venture, with the German car giant increasing its investment in the partnership. The two companies say the deal is now worth $5 ...
Volkswagen plans to invest up to $5 billion in electric vehicle startup Rivian, starting with an initial investment of $1 billion.. The additional $4 billion is expected by 2026. It includes plans ...
Rivian shares are surged after the EV maker announced a joint venture deal with Volkswagen, ... For Rivian, the news of fresh capital allays concerns over the company’s runway as it bridges to ...
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