Rivian 's latest partnership with Volkswagen could prove a major boon for investors and the broader auto industry, according to some Wall Street analysts.
As part of the plan, Volkswagen will inject $1 billion, followed by an additional $4 billion investment planned by 2026.
RIVN 1D mountain Shares pop on Volkswagen venture But Wall Street views the deal as a potential turnaround opportunity that can help limit execution risks and uncertainties surrounding funding that have spooked investors in recent months.
Big wins for the auto industry While the venture justifies Rivian's strategy, some on Wall Street anticipate potential big wins for the broader auto industry.
He added that the venture also highlights the need for proprietary electronic control units and software.
Persons:
Rivian, John Murphy, Ryan Brinkman, Dan Levy, Levy, Wells, Colin Langan, Morgan Stanley's Adam Jonas, Jonas, Tesla, Piper Sandler, Alexander Potter, America's Murphy
Organizations:
Volkswagen, Bank of America, JPMorgan, Barclays, Bank, Lucid Group
Locations:
China