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VW's cheapest EV will have Rivian DNA and who is bidding for Canoo's assets

1. Rivian's CEO will speak at SXSW about transportation innovations. 2. Volkswagen's ID EVERY1 EV will utilize Rivian's software and architecture. 3. The EV is set for production in 2027, priced around $21,500. 4. A $5.8 billion partnership was established between Rivian and Volkswagen. 5. Tariffs on automotive imports from the U.S. could impact production timelines.

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FAQ

Why Bullish?

Rivian's involvement with Volkswagen positions it favorably in the growing EV market, similar to how partnerships previously benefitted Tesla.

How important is it?

The partnership with VW increases Rivian's technological integration and market presence, crucial for its competitive position.

Why Long Term?

The partnership with VW enhances Rivian's future production capacity, likely leading to higher sales over the next several years.

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