Tesla rival Rivian secures $5 billion investment from Volkswagen
Tesla rival Rivian saw its shares skyrocket on Wednesday thanks to a massive investment from Volkswagen. The company announced on Tuesday that it would invest $5 billion in Rivian to form a partnership to create “Next-generation software-defined vehicle (SDV) platforms to be used in future electric vehicles from both companies.” Connected: Rivian announces R2, R3…
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