NasdaqGS:RIVNAuto
Volkswagen And Partners Back Rivian’s Costly Push Into EV And Autonomy
Volkswagen has significantly increased its stake and shared voting power in Rivian Automotive (NasdaqGS:RIVN), signaling a deeper tie-up between the two companies.
Rivian has secured additional private funding from SMB Holding and Uber, adding to its capital base and expanding existing partnerships.
The company is accelerating product and technology development, including in-house lidar and chip programs, undisclosed R2 variants, and ongoing plant expansion that affects its capital...