Rivian Stock Soars 36% on $5B Volkswagen Joint Venture

Rivian Stock Surges 36% After $5 Billion Partnership Announcement With Volkswagen

Introduction

Rivian Automotive Inc, a company that makes electric vehicles in the USA, saw its stock price go up by 36.3%. This happened after they announced a big joint project with Volkswagen, a famous car company from Germany. The total investment from Volkswagen could reach up to $5 billion by 2026.