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Rivian leaps past Volkswagen’s valuation as EV mania rages – The Australian Financial Review

Shares in Rivian Automotive, which has zero revenue, have more than doubled since they began trading last week.

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Volkswagen is Europes largest automaker with about 10 million vehicle deliveries per year, making it the global number two behind Toyota Motor. Volkswagen generates about 250 billion ($387 billion) in revenue annually and targets around 15 billion in automotive…

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