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Which SPAC is merging with rivian?

Posted on September 23, 2020 by Author

Table of Contents

  • 1 Which SPAC is merging with rivian?
  • 2 What is the newest electric car company?
  • 3 Does Rivian have a IPO date?
  • 4 What is a good electric car stock to buy?
  • 5 Which company has the best EV battery technology?
  • 6 Is Tesla’s Nikola the EV truck to beat?
  • 7 What does Tesla do for Rivian?
  • 8 What are the top 10 electric car startups?

Which SPAC is merging with rivian?

The company reached an agreement to go public via special purpose acquisition with Gores Guggenheim Inc. The SPAC deal would give the combined company a valuation of $20 billion. Once the merger closes, the combined company will be held by a new public company named Polestar Automotive Holding UK Limited.

What is the newest electric car company?

Rivian filed for an initial public offering back in August. The 12-year-old company, which is backed by Amazon and considered one of the biggest threats to Tesla, is now one of the world’s most valuable automakers, worth billions more than Ford or GM — even though, as of October, it’s only delivered 156 vehicles.

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Why is Rivian valued so high?

“Investors are looking for any possible play in autonomous vehicles and EVs and there is a real shortage of opportunities, and that’s why a Tesla or Rivian is so highly valued. Because there aren’t enough EV stocks out there,” Colas said.

Does Rivian have a IPO date?

Rivian went public under the ticker “RIVN” on Nov. 10, 2021 at an initial offering price of $78.00. 12, 2021, three trading days after its IPO. The company estimates that it generated $0 to $1 million in sales and a net loss of between $1.2-$1.3 billion in the quarter ended Sept.

What is a good electric car stock to buy?

Best Electric Vehicle Stocks to Buy in 2021

  • Tesla Inc (NASDAQ: TSLA)
  • Nio Inc (NYSE: NIO)
  • General Motors (NYSE: GM)
  • Ford (NYSE: F)
  • Apple (NASDAQ: AAPL)
  • Blink Charging (NASDAQ: BLNK)
  • Nikola (NASDAQ: NKLA)
  • Workhorse Group (NASDAQ: WKHS)

Which EV stocks are a buy?

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Best EV Charging Stocks to Buy Now

  • Rivian Automotive, Inc. (NASDAQ:RIVN) Number of Hedge Fund Holders: N/A.
  • Beam Global (NASDAQ:BEEM) Number of Hedge Fund Holders: 4.
  • Blink Charging Co. (NASDAQ:BLNK)
  • Volta Inc. (NYSE:VLTA)
  • ChargePoint Holdings, Inc. (NYSE:CHPT)

Which company has the best EV battery technology?

CATL
Asian Powerhouses of Battery Production

Rank Company 2021 Market Share
#1 CATL 32.5\%
#2 LG Energy Solution 21.5\%
#3 Panasonic 14.7\%
#4 BYD 6.9\%

Is Tesla’s Nikola the EV truck to beat?

It is clear that Rivian have the head start, and Tesla have the EV brand but with the right execution and pricing, the Nikola looks to be the truck to beat! Although it will have smaller battery packs, the fuel cell option will eliminate any range anxiety. The standard electric version will be on par with the 135-kWh Rivian’s 300-mile range.

Are Rivian and Nikola ahead of other electric pickup trucks?

There are a lot of other companies racing to get their trucks ready for the market, but so far, Nikola and Rivian are well ahead. Ever since Tesla started producing truly viable electric vehicles, people have been waiting to see when they would finally produce an electric pickup.

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What does Tesla do for Rivian?

Tesla accelerates the transition to electric mobility with a full range of increasingly affordable electric cars. Tesla also produces Solar Roof, home batteries and operates large solar stations with energy storage. Rivian is an automotive technology company that develops products and services to advance the shift to sustainable mobility.

What are the top 10 electric car startups?

Top 76 Electric Cars startups 1 Tesla. Tesla accelerates the transition to electric mobility with a full range of increasingly affordable electric cars. 2 Rivian. 3 Nio. 4 WM Motor. 5 Nikola Motors. 6 Xiaopeng Motors. 7 Faraday Future. 8 Lucid Motors. 9 Sila Nanotechnologies. 10 Proterra.

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