Volkswagen may end up owning more than 20pc of Rivian
Equity commitments within software JV could add up to a substantial minority stake, while working relationships are only going to get closer
Chinese premium NEV maker reverses one downgrade, but analyst doubts remain
China’s Nio has seen a rebound in its share price after it announced price cuts, following a slump that had dragged shares to their lowest in three years at the end of May. The firm’s New York-listed price jumped by almost 9pc on Monday to $8.40/share (see Fig.1).
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