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Rivian surges over 8% as Volkswagen increases JV investment

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Rivian surges over 8% as Volkswagen increases JV investment

) said in a joint statement that the German automaker will invest $5.8 billion in the JV, more than a prior amount of $5 billion, and that their JV planned to begin launching EV models by as early as 2027.

The German carmaker will use Rivian’s software and electrical engineering across a wide variety of vehicles, solidifying its foray into EV production. Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

 

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