Rivian’s stock rockets 41% higher on $1 billion Volkswagen investment, planned JV

Date:

June 25, 2024

Shares of Rivian Automotive Inc. skyrocketed after hours Tuesday after Volkswagen AG said it will invest $1 billion in the electric-vehicle maker, with plans to pour billions more if an EV-focused joint venture between the two companies gets off the ground.

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Alexandra Williams

Alexandra Williams is a writer and editor. Angeles. She writes about politics, art, and culture for LinkDaddy News.

Rivian’s stock rockets 41% higher on $1 billion Volkswagen investment, planned JV

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