INSIDER
Rivian shares soar on massive cash injection from Volkswagen, starting immediately with $1 billion
Read full article: Rivian shares soar on massive cash injection from Volkswagen, starting immediately with $1 billionShares of Rivian are soaring before the opening bell after Volkswagen agreed to invest $1 billion in the electric vehicle maker immediately and a potential total of up to $5 billion as part of a software development agreement.
Rivian to end exclusivity with Amazon, allow other companies to buy its electric vans
Read full article: Rivian to end exclusivity with Amazon, allow other companies to buy its electric vansElectric vehicle maker Rivian says it will allow other companies to purchase its delivery vans, ending its exclusive agreement with Amazon.
Tesla technology inches closer to becoming industry standard as Rivian joins its charging network
Read full article: Tesla technology inches closer to becoming industry standard as Rivian joins its charging networkElectric vehicle maker Rivian says it will follow General Motors and Ford and join Tesla’s charging network next year.
Sources: Hyundai to set $7B US plant during Biden Asia visit
Read full article: Sources: Hyundai to set $7B US plant during Biden Asia visitA U.S. official familiar with the project says South Korean automaker Hyundai Motor Group is expected to announce its plans next week to build a massive electric vehicle plant near Savannah, Georgia.
Georgia sets $1.5B in aid for electric vehicle maker Rivian
Read full article: Georgia sets $1.5B in aid for electric vehicle maker RivianThe state of Georgia and local governments will give Rivian Automotive $1.5 billion of incentives to build a 7,500-job, $5 billion electric vehicle plant. That's according to documents the company and state signed Monday. That's by far the largest incentive package Georgia has ever offered to a company. Georgia Economic Development Commissioner Pat Wilson says the size of the package is “appropriate” for the largest single industrial announcement in Georgia history. Rivian hopes to break ground as early as this summer and begin production in Georgia in 2024. The plant has been beset by opposition from residents east of Atlanta who say Rivian will spoil their rural quality of life.
Sources: Rivian to build $5B electric truck plant in Georgia
Read full article: Sources: Rivian to build $5B electric truck plant in GeorgiaSources briefed on the decision say electric truck maker Rivian Automotive will announce Thursday that it’s building a $5 billion battery and assembly plant east of Atlanta projected to employ 7,500 workers.