Volkswagen Group Just Overtook Amazon as Rivian’s Biggest Investor

Volkswagen Group has increased its stake in Rivian Automotive to 15.9%, becoming its largest shareholder ahead of Amazon, which had been the top investor in the EV maker ever since its 2021 IPO. According to an SEC filing, Volkswagen’s US subsidiary has purchased 62.9 million new shares on April 30 ...

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