RIVN - Volkswagen's Rivian Tie-Up Could Finally Make The Stock Worth Considering
2024-07-05 06:57:18 ET
Summary
- Volkswagen AG's transition to battery-electric vehicles has faced setbacks, similar to General Motors and Ford.
- VW is investing $48 billion in BEVs, struggling in the U.S. market, and losing ground in China.
- Partnership with Rivian and XPeng may help VW improve its BEV technology and regain market share.
Volkswagen AG’s (VWAGY) intention to transition to battery-electric vehicles (BEV) from internal combustion engines ((ICE)), announced six years ago, has stumbled badly, as have similar strategies by incumbents General Motors Co. ( GM ) and Ford Motor Co. (F)....
Volkswagen's Rivian Tie-Up Could Finally Make The Stock Worth Considering