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Home » Rivian gets a $3B boost from making Mercedes a frenemy

Rivian gets a $3B boost from making Mercedes a frenemy

Bloomberg NewsbyBloomberg News
September 9, 2022
in Archives
Reading Time: 5 mins read
0
RJ Scaringe, chairman and chief executive officer of Rivian Automotive Inc.

RJ Scaringe, chairman and chief executive officer of Rivian Automotive Inc. Photographer: Bloomberg/Bloomberg

Rivian just added almost $3 billion to its market capitalization in a day, and all it took was a fairly bare-bones deal with a new frenemy. The upstart and Mercedes-Benz will join forces to build big electric vans in Europe “in a few years,” the two revealed Thursday, sending Rivian shares soaring 11%, their biggest jump in four […]

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