Rivian shares fell more than 5% in premarket trading

Tiger Newspress2021-11-22

Rivian shares fell more than 5% in premarket trading.Ford no longer plans to make an electric vehicle with EV startup Rivian, CEO Jim Farley tells Automotive News. The Detroit automaker originally announced it wanted to make a Rivian-powered EV in 2019 when it made its first investment of $500 million into the startup. Ford and Rivian already canceled a vehicle they planned to make for the Lincoln luxury brand in 2020.

One reason Farley gave for canceling the EV collaboration was the complexity of combining Rivian’s electric architecture with Ford’s own software.

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精彩评论

CCLaunty
2021-11-23
CCLaunty
Sad
TrillionDM
2021-11-22
TrillionDM
Follow
AdrianLumSG
2021-11-22
AdrianLumSG
Seems like a meme stock
lexancer
2021-11-22
lexancer
Wah Lau this news feels like a rug pull-like situation is coming!
Kel9670ong
2021-11-22
Kel9670ong
The folded venture with Toyota is causing distress among some investor
james_l
2021-11-22
james_l
Traders may be going out.

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