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Volkswagen raises investment in Rivian to $5.8bn

Volkswagen Group raised its investment in Rivian by 16% to $5.8bn (about R104,845,488,720), the two carmakers said on Tuesday, as the companies kick off their planned joint venture to develop electric vehicle architecture and software. Shares in the US EV maker, valued at more than $11bn (about R198,846,869,100), rose nearly 9% in extended trading on […]