Lucid Stock Gets Lift From Rivian: What's Going On?
Lucid Stock Gets Lift From Rivian: What's Going On?
Shares of EV maker Lucid Group Inc (NASDAQ:LCID) are trading higher Wednesday in sympathy with Rivian Automotive Inc (NASDAQ:RIVN), which saw its shares soar after the company announced intentions to form an equally controlled and owned joint venture with Volkswagen.
在Volkswagen宣佈與Rivian公司成立一家同等控股和擁有的合資企業後，新能源汽車製造商Lucid Group股票（NASDAQ：LCID）週三與Rivian公司股票（NASDAQ：RIVN）一同上漲。
What Happened: Rivian shares rallied after the market close on Tuesday after the company announced a $5 billion investment from German automaker Volkswagen.
事件經過：週二收盤後，Rivian股票因宣佈德國汽車製造商大衆（Volkswagen）將投資50億美元而上漲。
Rivian and Volkswagen will enter into a joint venture to create next generation software-defined vehicle platforms to be used in both companies' future electric vehicles.
Rivian和Volkswagen將成立一家合資企業，創建下一代軟件定義的汽車平台，用於兩家公司未來的電動汽車。
Volkswagen will initially invest $1 billion in Rivian through an unsecured convertible note that will be converted into Rivian common stock. Volkswagen is expected to invest an additional $4 billion over time as part of the transaction.
大衆將首先通過可轉換票據投資10億美元購買Rivian普通股。大衆預計將在未來再投資40億美元作爲該交易的一部分，以促進雙方的合作。
The two companies said they completed significant work in recent months to validate the compatibility of their technology. The completion of the joint venture formation is expected to occur in the fourth quarter of 2024.
兩家公司表示，他們最近幾個月已經完成了相當多的工作，以驗證技術的兼容性。預計合資企業的成立將在2024年第四季度完成。
"Since the earliest days of Rivian, we have been focused on developing highly differentiated technology, and it's exciting that one of the world's largest and most respected automotive companies has recognized this," said RJ Scaringe, founder and CEO of Rivian.
Rivian的創始人和CEO RJ Scaringe表示：“自Rivian早期創立以來，我們一直專注於開發高度差異化的技術，一個世界上最大且最受尊敬的汽車公司認可這一點非常激動人心。”
"Not only is this partnership expected to bring our software and associated zonal architecture to an even broader market through Volkswagen Group's global reach, but this partnership also is expected to help secure our capital needs for substantial growth."
“這個合作伙伴關係不僅有望通過大衆集團的全球影響力將我們的軟件和相關分區架構帶入更廣泛的市場，而且還有望爲我們的穩健增長提供所需的資金支持。”
Following the announcement, Truist Securities analyst Jordan Levy maintained Rivian with a Hold rating and raised the price target from $10 to $13. Rivian shares were up approximately 38% at last check.
宣佈後，Truist Securities分析師Jordan Levy維持Rivian的持有評級，並將其目標價從10美元上調至13美元。Rivian股價在最後一次檢查時上漲了約38%。
LCID Price Action: Lucid shares were up 6.39% at $2.66 at the time of publication, according to Benzinga Pro.
LCID股價走勢：根據Benzinga Pro的數據，在本文發表時，Lucid股票上漲6.39％，至每股2.66美元。
譯文內容由第三人軟體翻譯。