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Why Rivian's $5.8 Billion Deal With Volkswagen Is Exceptionally Bullish
Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said late Tuesday that it closed a hugely important deal, in which giant Volkswagen (OTC: VWAGY) will invest billions in the California-based upstart.
Rivian shares surge on $5.8 billion Volkswagen investment in JV
Shares of Rivian jumped over 13% in premarket trading Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture. The investment boost comes at a crucial time for Rivian,
Rivian Stock Gains On $5.8 Bln JV With Volkswagen
Shares of Rivian Automotive, Inc. gained around 10 percent in the extended trading on Nasdaq on Tuesday after the electric vehicle
Volkswagen to Invest $5.8 Billion in EV Startup Rivian Through Joint Venture
The joint venture targets Rivian’s existing electrical architecture and software technology stack, enabling the launch of Rivian’s R2 model in the first half of 2026, the companies said.
3d
on MSN
2026 Rivian R2 will have a more powerful battery - who is leading its development?
Despite this, Rivian has struggled to report a profit. That may change as the lineup will eventually undergo an expansion ...
6d
LG To Supply Rivian R2 With 4695 Cells From 2026
When Rivian unveiled its next two models, the midsize R2 and more compact R3 in March of this year, one of the technical ...
The Verge on MSN
6d
The Rivian R2’s next-gen batteries will be made in the US by LG Energy
Rivian’s R2 vehicles will be powered by batteries made domestically in the US by South Korea’s LG Energy Solution, the ...
The Business Journals
1d
Rivian-Volkswagen partnership to produce EV tech for R2 model
Rivian is teaming up with Volkswagen in a $5.8 billion joint venture for EV innovation on its
R2
model, which the company ...
The Pantagraph
3h
Rivian and Volkswagen finalize joint venture worth up to $5.8B
Electric vehicle startup Rivian and German automobile giant Volkswagen have finalized their joint venture. Here's a deeper ...
ESPN
22h
Indian Sports LIVE, November 14: Sindhu faces Michelle Li in R2 at Japan Masters
Hello and welcome to ESPN India's daily blog, where we bring you all the updates from the world of Indian sports and all the ...
5d
LG’s EV battery with six times more energy storage to power Rivian R2 SUV
The much-anticipated Rivian R2, expected to compete with Tesla's Model Y, will utilize US-made LG's 4695 cylindrical ...
businesstech.co.za
3d
R2 petrol price joy for South Africa
Despite minor recent increases, South African motorists can expect fuel prices in December 2024 to be notably lower compared ...
6d
Rivian R2 EV’s new LG battery boosts storage capacity sixfold
The R2 promises acceleration of 0 to 60 mph in under 3 seconds and an estimated range of over 300 miles. It’s packed with ...
AllTheThings.Best on MSN
2d
Up Your Game: $700 Off on Beastly Alienware m18 R2 Gaming Laptop
This content may contain affiliate links. If you would like to support us and use these links to buy something, we may earn a ...
businesstech.co.za
1d
From R2.6 billion to R90 billion in 10 years
Eskom’s municipal debt has exploded over the last decade and now poses an existential threat to the power utility.
6d
on MSN
Rivian is bracing for tariffs and making changes to its R2 sedan supply chain, CEO says
CEO of Rivian RJ Scaringe said the company is focused on sourcing suppliers not subject to Trump's potentially large tariffs.
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