Rivian just got a $5 billion investment from Volkswagen, and it could help Rivian solve one of its biggest problems
Rivian's R2 could be the lower-cost SUV model that consumers seem to be clamoring for.
Rivian
- Volkswagen will invest up to $5 billion in Rivian, an EV maker that's struggled with profitability.
- Rivian, which lost $1.4 billion in the first quarter, aims to develop a more affordable SUV.
- Rivian's new $45,000 SUV, the R2, set to launch in 2026, targets mainstream customers.
Volkswagen just inked a deal to invest up to $5 billion in Rivian, the electric-vehicle maker that has...
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