Volkswagen now owns 209.8 million shares of Rivian (RIVN), representing a 15.9% stake in the EV startup, according to a new SEC filing. The German automaker has overtaken Amazon as Rivian’s single largest shareholder for the first time since the company’s 2021 IPO.
The stake increase came after Volkswagen’s US subsidiary purchased 62.9 million new shares on April 30 at $15.90 per share — a…
Is Rivian mulling the idea of offering customers a purple exterior?
September 22, 2025
A Rivian owner and EV enthusiast recently shared images of a purple R1S Quad out in public with manufacturer plates. Could it be a new exterior color Rivian will offer customers, or is this just a rare shade applied to a one-off test vehicle? Regardless of its future, a…
Rivian had a battery fire at its factory
May 31, 2022
A battery pack caught on fire in the testing area of Rivian’s factory in Normal, Illinois this weekend. The cause of the fire is under investigation.
The incident happened on Saturday on the southwest side of the plant, where Rivian builds and tests its battery packs for…
