Bloomberg
Rivian Adds Stand-Alone Battery Plant to Post-IPO To-Do List
(Bloomberg) — Fresh off a $12 billion initial public offering, Rivian Automotive Inc. is investing in a dizzying array of expansion projects, pursuing a site for a stand-alone battery factory in addition to new vehicle-assembly plants already planned.The to-do list for the electric-vehicle maker will be funded in part by its IPO — the sixth-largest in U.S. history. Rivian shares soared 22% Thursday in their second day of trading, creating a stock-market value of more than $100 billion. Two mon
