Rivian Deal with VW Raises Prospects for Georgia Plant
Monday, July 1st, 2024
Rivian jolted Wall Street late Tuesday with its announced joint venture with Volkswagen Group, a potential $5 billion partnership to develop software for next-generation electric vehicles.
The deal sent Rivian shares Wednesday to their highest value since February. It also gave Georgia officials and industry observers some hope that the investment will help soon kickstart the company’s paused $5 billion factory an hour east of Atlanta.
Read More at The Atlanta Journal Constitution.
