Rivian Automotive Shares Soar 33% After Hours on Volkswagen Partnership
Provided by
Dow Jones
By Josh Beckerman
Rivian Automotive shares were up 33% to $15.86 in after-hours on Tuesday after Volkswagen Group announced a partnership with the electric vehicle maker.
Volkswagen is making an initial investment of $1 billion in Rivian and the companies plan to establish a joint venture to, in part, develop vehicle software technology.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
June 25, 2024 16:41 ET (20:41 GMT)
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