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
The off-highway UTV maker enters European markets ahead of going public
Zeronox, an electrification solutions provider, has announced the signing of agreements with German dealer E-lix Elektromobile and France’s Chateaux Des Langues to distribute Tuatara electric utility terrain vehicles (UTVs) in Europe. The move comes ahead of closing a deal to list the firm on Nasdaq not via IPO but by a merger with a special purpose acquisition company (Spac), which has proven a controversial route to market for previous EV makers.
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