Explore promising EV stocks for July 2024. Understand their performance, growth potential, and the associated risks to make informed investment decisions.
Volkswagen Group (ETR: VOWG_p) is investing up to $5 billion in Rivian (NASDAQ: RIVN) through a joint venture focused on EV architecture and software. Rivian's shares surged 50% on the news. This deal boosts Rivian’s R2 SUV plans and reduces operating costs, aiming for positive cash flow.
Rivian and Apple are reportedly discussing a partnership that could integrate Apple's technology into Rivian's R2 and R3 vehicles. This collaboration may leverage Apple's developments from its Project Titan, enhancing Rivian's autonomous driving features.
