Rivian Tells Analysts: We're Not the Same as VW's Scout -- Market Talk

Dow Jones2024-11-14

1207 ET - Rivian is emphasizing to analysts that it's distinct from its partner Volkswagen's newly relaunched EV brand. Scout, which is owned by VW and run separately in the U.S., is planning a similar lineup to Rivian of EV pickups and SUVs. But according to DA Davidson analyst Michael Shlisky, Rivian management is emphasizing that the similarities don't go much further. For one, unlike Scout, Rivian is not planning to offer any extended-range EV options. The VW has agreed to invest $5.8 billion in Rivian stock and a joint venture, in exchange for use of Rivian's software and tech. Rivian shares rise 16% the day after the deal terms are announced. (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

November 13, 2024 12:08 ET (17:08 GMT)

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The VW has agreed to invest $5.8 billion in Rivian stock and a joint venture, in exchange for use of Rivian's software and tech. Rivian shares rise 16% the day after the deal terms are announced. 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Scout, which is owned by VW and run separately in the U.S., is planning a ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4555","symbol_name":"新能源车","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2483983437","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483983437","pubTimestamp":1731517680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1207 ET - Rivian is emphasizing to analysts that it's distinct from its partner Volkswagen's newly relaunched EV brand. 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