Volkswagen Injects $5 Billion into Rivian, Sending Shares Soaring 40% Pre-market
Bengaluru, India – In a major boost to Rivian Automotive, the electric vehicle startup saw a remarkable 40% surge in premarket trading following a substantial $5 billion investment from Volkswagen. This investment is set to provide Rivian with the necessary resources to introduce new models and remain competitive in the ever-evolving electric vehicle market. The partnership with Volkswagen will not only help Rivian strengthen its financial position but also move the company closer to profitability …