Volkswagen Becomes Rivian's Largest Shareholder, Replacing Amazon
Volkswagen has become Rivian's largest shareholder, surpassing Amazon, with an 15.9% equity stake. This follows a joint venture agreement between Volkswagen and Rivian, with Volkswagen committing $5.8 billion in investments tied to milestones. Amazon, which previously held a 20% stake, now owns 12.28% of Rivian.
Topics: Investment Joint Venture Rivian SEC Filings Shareholding Volkswagen