Reported 23 days ago
Rivian Automotive, an American electric vehicle manufacturer, has received a significant $1 billion equity investment from Volkswagen, part of a larger $5.8 billion technology partnership aimed at developing next-generation vehicle platforms. On July 2, Rivian reported its second-quarter production and delivery figures, producing 5,979 vehicles and delivering 10,661, while maintaining its delivery guidance of 40,000 to 46,000 vehicles for the year despite industry challenges.
Source: YAHOO