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1. Ford invests, partners with EV startup
Ford (F) invested $500M in EV startup Rivian, which comes with a plan for Ford to build a vehicle on Rivian’s platform. The auto giant didn’t disclose details about the planned vehicle. The investment comes two months after a $700M, Amazon-led round.
Rivian operated in stealth until late last year, when it emerged with an electric pickup and SUV. The