VW To Invest Up To $5 Billion In EV Maker Rivian

Slashdot
By BeauHDJun 25, 2024, 5:20 pm117 pts
Volkswagen today announced it will invest up to $5 billion in U.S. electric-vehicle maker Rivian as part of a new, equally controlled joint venture to share EV architecture and software. Shares surged 40% in extended Nasdaq trading after the announcement. Reuters reports: The investment will provide Rivian -…

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