:Shares of Rivian jumped over 15 per cent on Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture.The investment boost comes at a crucial time for Rivian, which aims to cut costs, achieve profitability, and launch its sm

The firms will share EV technology as they face slowing sales growth and competition from Chinese rivals.

The Volkswagen-Rivian joint venture is intended to launch VW models with Rivian electric vehicle technology as soon as 2027