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Rivian & VW Join Forces in a $5.8 Billion EV Power Move
- Rivian and Volkswagen have formed a $5.8 billion joint venture to develop EV technology.
- Rivian gains financial backing for its affordable SUV, while VW addresses software challenges.
- Investors are excited about the growth potential and market response to the partnership.
- Challenges include Rivian's high-cost approach and potential cuts to EV incentives.
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