JOINT VENTURE BETWEEN VW AND RIVIAN
- Rivian share growth:
- Rivian $RIVN+4.7% shares rise more than 40% after announcement of joint venture with Volkswagen
- Indicates significant market confidence in future collaboration
- Volkswagen investment:
- Volkswagen to invest $1 billion in Rivian
- This investment will enable Rivian to expand its technology and raise capital
- Joint venture:
- Focused on the development of software-defined vehicles
- Potential to revolutionize the electric vehicle industry
Rivian
RIVNOpen $14.54
Day range $13.21 - $15.12
52 week range $8.26 - $28.06
40% were really solid. But now I would rather short it again. Rivian will surely benefit from this, but they still need to kick their production and business up a notch.
Interesting and solid growth. Thanks for the info, as I probably wouldn't have noticed it otherwise. Well I see quite a bit of potential in $RIVN+4.7%, but I don't want to include the stock in my portfolio.