Rivian Stock Charges Up As Volkswagen JV Launches With Increased Investment: Retail Cheers EV Startup’s Emergence As Software Company
Shares of electric-vehicle startup Rivian Automotive, Inc. ($RIVN) jumped over 11% in premarket trading on Wednesday after the company announced the setup of its joint venture with German automaker Volkswagen AG ($VWAGY) to be called "Rivian and VW Group Technology,