Ford & Rivian abandoned plan2jointly develop EV! who s the Winner?
might b $Tesla(TSLA.US$ again!?!!! whole world is talking abt this!!!! $Ford Motor(F.US$ & $Rivian Automotive(RIVN.US$ !
https://www.moomoo.com/en-us/news/post/6811226/ford-scraps-plan-to-develop-an-electric-vehicle-with-rivian?src=2&futusource=news_stock_stockpagenews&report_type=stock&report_id=11785394&skintype=3&main_broker=WwogIDEwMDgKXQ==&level=1&data_ticket=1637585447495449&utm_medium=futu_niuniu_share&utm_content=web_share&utm_campaign=news&utm_term=11785394
https://www.moomoo.com/en-us/news/post/6811226/ford-scraps-plan-to-develop-an-electric-vehicle-with-rivian?src=2&futusource=news_stock_stockpagenews&report_type=stock&report_id=11785394&skintype=3&main_broker=WwogIDEwMDgKXQ==&level=1&data_ticket=1637585447495449&utm_medium=futu_niuniu_share&utm_content=web_share&utm_campaign=news&utm_term=11785394
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Riding Star : Reduce pressure from each other funds.
SunEnHeru : $Rivian Automotive (RIVN.US)$
Riding Star : Opposite direct. Rivian depend on Ford technology for EV. Since they split, rivian will drop and Ford will up.
JJ HouOP Riding Star: But ford still holding shares in rivian… they said it is a hedge for Ford too… symbiotic relationship still….
Riding Star : Doesn't matter. If Ford hold rivian. If they are largest shareholder. They still can access their technology.