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0 0.00224382946896031 0.00299177262528041 0.00374719521316384 0.00373971578160052 0.00448765893792076 0.00371727748691097 0.00373971578160052
Stock impact report

Rivian Announces Plans to Launch Five More Models After $5 Billion Volkswagen Investment [Yahoo! Finance]

Rivian Automotive, Inc. (RIVN) 
Company Research Source: Yahoo! Finance
The EV maker has announced plans to launch five new vehicles in the wake of a significant investment from Volkswagen Group, according to Autoblog . The slew of new models could include the kind of “affordable” EVs that Western automakers have been promising for years but have so far been unable to deliver. More from Robb Report This Ford F-150 Lightning SuperTruck Dominated This Year's Pikes Peak Hill Climb Inside Ferrari's New EV Factory in Maranello Ferrari's First EV Will Debut Next Year-and a Second One Is Already in the Works Earlier this week, it was announced that VW Group would invest $5 billion into Rivian. The two companies are partnering together on an “equally controlled and owned joint venture” focused on technology for new vehicles, specifically EV architecture and software. In short, the investment grants the German automotive giant access to the EV maker's impressive technology, giving the former some help in its bid to catch up with Tesla. The agreement, me Show less Read more
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