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What's behind Rivian, the carmaker valued above General Motors and Ford? | DW News
Posted
November 11, 2021
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November 11, 2021
34,536
278
70
1.01%
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2:05Now PlayingThe growing fervor for cleaner cars has driven a blockbuster IPO on Wall Street. Electric-vehicle maker Rivian opened with a share price that valued it at above 100 billion dollars before settling around 93 billion. That's bigger than fellow US firms General Motors and Ford - although Ford, along with Amazon, is a major backer of Rivian. So what's behind the carmaker that's got Tesla checking its rearview mirror?
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