VWAGY - Rivian Stock Skyrockets Premarket Set To Open At 4-Month High: What's Going On? | Benzinga
Electric vehicle maker Rivian Automotive, Inc. (NASDAQ:RIVN) is poised to extend its gains on Wednesday, with the upward momentum likely accelerating. Rivian announced Tuesday plans to form an equally controlled and owned joint venture with Volkswagen AG’s (OTC:VWAGY) U.S. subsidiary to create next-generation electrical architecture and best-in-class software technology.
As part of the plan, the German company will invest $1 billion in Rivian, with up to $4 billion in planned additional investment for ...