{"id":88620,"date":"2024-06-26T01:58:13","date_gmt":"2024-06-26T05:58:13","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88620"},"modified":"2024-06-26T01:44:50","modified_gmt":"2024-06-26T05:44:50","slug":"rivian-secures-up-to-5-billion-from-volkswagen-shares-soar-more-than-50","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2024\/rivian-secures-up-to-5-billion-from-volkswagen-shares-soar-more-than-50.html","title":{"rendered":"Rivian secures up to $5 billion from Volkswagen, shares soar more than 50%"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/VOW3-DE\/\">Volkswagen<\/a>\u00a0Group plans to invest up to $5 billion in electric vehicle startup\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/RIVN\/\">Rivian<\/a>, starting with an initial investment of $1 billion. The additional $4 billion is expected by 2026. It includes plans for $1 billion each in 2025 and 2026, followed by $2 billion in 2026 related to an expected joint venture to create electrical architecture and software technology, according to\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/www.businesswire.com\/news\/home\/20240625966539\/en\/Rivian-and-Volkswagen-Group-Announce-Plans-for-Joint-Venture-to-Create-Industry-Leading-Vehicle-Software-Technology-and-for-Strategic-Investment-by-Volkswagen\" target=\"_blank\">a release by the automakers<\/a>\u00a0Tuesday.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/06\/25\/volkswagen-rivian-stake.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Volkswagen\u00a0Group plans to invest up to $5 billion in electric vehicle startup\u00a0Rivian, starting with an initial investment of $1 billion. The additional $4 billion is expected by 2026. It includes plans for $1 billion each in 2025 and 2026, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88620","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88620","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88620"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88620\/revisions"}],"predecessor-version":[{"id":88621,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88620\/revisions\/88621"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}