Rivian investment a ‘catch-up move' for Volkswagen that could take years to pay off, GlobalData's Mewawalla says
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Volkswagen's $5 billion investment in electrical vehicle startup Rivian is a “catch-up move” for the...
Original sourceAI Summary
- Volkswagen's $5 billion investment in Rivian is a catch-up move for the automaker. - Rivian shares surged 42%, while Volkswagens' dropped 2.6% after the announcement. - Volkswagen struggling in the EV market with a share of only 8%. - Risks include Rivian's focus on premium cars and threat from cheap Chinese EVs. Price Impact Rating: Bearish Impact Horizon Rating: Long-term Type: Industry News
Market-Moving
- Volkswagen's $5 billion investment in Rivian is a catch-up move for the automaker.
- Rivian shares surged 42%, while Volkswagens' dropped 2.6% after the announcement.
- Volkswagen struggling in the EV market with a share of only 8%.
Key Facts
- Volkswagen's $5 billion investment in Rivian is a catch-up move for the automaker.
- Rivian shares surged 42%, while Volkswagens' dropped 2.6% after the announcement.
- Volkswagen struggling in the EV market with a share of only 8%.
- Risks include Rivian's focus on premium cars and threat from cheap Chinese EVs.