Rivian, the electric-truck maker, soars in early trading after its I.P.O.
The company, backed by Amazon and Ford, was valued at nearly $70 billion in its initial public offering, though it has delivered only 156 vehicles.
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Rivian prices its I.P.O., valuing the electric-vehicle maker at nearly $70 billion.
The company, backed by Amazon and Ford, has delivered only 156 trucks so far, but its market worth approaches that of Ford.
6 Automakers and 31 Countries Say They’ll Phase Out Gasoline Car Sales
Ford, G.M. and Mercedes agreed to work toward selling only zero-emissions vehicles by 2040. But Toyota, Volkswagen and Nissan-Renault did not join the pledge.
6 Automakers and 31 Countries Say They’ll Phase Out Gasoline Car Sales
Ford, G.M. and Mercedes agreed to work toward selling only zero-emissions vehicles by 2040. But Toyota, Volkswagen and Nissan-Renault did join the pledge.