Rivian Automotive's stock surged 9.83% due to progress on its Georgia plant, opening in 2028. Year-to-date, shares gained 4.69%, but are down 19.45% over the past year. Rivian partnered with Google Maps for navigation, while also retaining a custom interface. A downgrade from Guggenheim and a new debt deal involving $1.25 billion in green notes were announced as vehicle deliveries declined. Rivian also ventured into the e-bike sector, investing $111.13 million. The company reported a negative gross profit of $1.2 billion compared to the previous year's losses.
Shares of Rivian Automotive surged 9.83% over the past five trading sessions due to updates on its Georgia plant, expected to open in 2028.
Rivian has a partnership with Google Maps, utilizing its Automotive SDK for vehicle navigation while maintaining its 15.6-inch customized interface.
Rivian plans to offer $1.25 billion in senior secure green notes to manage debt due to declining vehicle deliveries.
Rivian entered the e-bike market with a $111.13 million investment, amidst challenges including tariffs and a negative gross profit of $1.2 billion.
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