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Amazon Invests In Rivian Electric Vehicles

The rumors turned out to be true: Amazon is leading a $700 million investment in Rivian, a Michigan company that is developing electric “adventure” vehicles — a pickup truck and SUV. “The automaker announced the new round of investment on Friday, offering few details but saying it would remain independent,” per The New York Times. General Motors is also reportedly considering an investment in the company.

Read the whole story at New York Times »

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