What's Going On With Rivian Stock Wednesday? - Volkswagen (OTC:VWAGY), Rivian Automotive (NASDAQ:RIVN)

What's Going On With Rivian Stock Wednesday? - Volkswagen (OTC:VWAGY), Rivian Automotive (NASDAQ:RIVN)

Rivian Automotive, Inc. (NASDAQ:RIVN) shares were steady on Wednesday as the electric vehicle maker’s partnership with Volkswagen AG (OTC:VWAGY) came into sharper focus at the IAA Mobility event in Munich. The German automaker showcased its new semiconductor procurement framework at the 4th Semiconductor Summit, emphasizing a collaboration with Rivian and Volkswagen Group Technologies to jointly source more than 50 categories of chips. The appro…

Semiconductors at the Core of Automotive Innovation: Volkswagen Group Highlights Procurement Strategy and Rivian Alliance at the IAA

Volkswagen Group united industry leaders at the 4th Semiconductor Summit during IAA Mobility in Munich to provide insights on its semiconductor procurement strategy while strengthening partnerships and advancing innovation between the automotive and semiconductor industries. A highlight of this year’s Summit was Volkswagen Group’s new level procurement model with Rivian and Volkswagen Group Technologies, covering more than 50 semiconductor categ…