Rivian Soars Over 17% On Volkswagen's Team Up: A $5.8B EV Power Move

By Yahoo! Finance | Nov 13, 2024 at 10:41 AM EST

Rivian and Volkswagen have announced a $5.8 billion joint venture to advance EV technology. The partnership aims to develop cutting-edge electrical systems and software, benefiting both companies. Rivian gains financial stability, while VW accelerates its digital innovation. This collaboration could reshape the Western EV market.

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