Rivian Receives $1 BN in Capital From Key Investor to Launch R2, R3 Crossovers

Rivian has recorded its second successive quarter of gross profits, resulting in the electric automaker receiving $1 billion in funding from the Volkswagen (VW) Group as a provision of the two companies’ joint venture launched in November. By 2027, VW Group is expected to invest up to $5.8 billion ...

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