Entered the stock market with a bang, the American manufacturer is struggling to keep its commitments.
Nothing is going well at Rivian, the American manufacturer of electric pick-ups, SUVs and vans. Going public with a bang last November, Rivian was valued at more than $100 billion. And this when he had only produced a hundred vehicles. But since the start of the year, the stock has fallen 62%.
The manufacturer of the electric pick-up had, from its inception, major shareholders, like Amazon. The e-commerce giant, which entered the capital of the start-up created ten years earlier in 2019, has ordered 100,000 electric vans from it by the end of the decade. A vehicle designed especially for Amazon, equipped with sensors to avoid pedestrians and bicycles and equipped with the Alexa assistant.
Read alsoAmazon rolls out Alexa across the board
Rivian’s other major shareholder, Ford – its senior by more than a hundred years – held 12% of the capital before selling part of its shares in May. A sale that helped to tumble the action of the start-up. The historical giant of the American automobile…
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