There Soros Fund Management becomes one of the most important investors in Rivian. George Soros, the billionaire at the head of the investment fund of the same name, has in fact completed the acquisition of just under 20 million shares in the US start-up: the value of the operation was around 2 billion dollars, a very high figure that certainly does not represent an excessive economic effort for the ultra-billionaire Hungarian investor. Recall that Rivian, which is 20% owned by Amazon, is expected to provide the leading e-commerce company with more than 100,000 electric vans.
As Autonews pointed out, the shortage of microchips and semiconductors created quite a few problems for Rivian’s supply chain, which was therefore slowed down in its run-up to rival Tesla: in 2021, which ended just over a month ago, the US start-up narrowly missed its annual production target, which was around 1,200 assembled vehicles. To hope that Rivian’s business will return to shine, in addition of course to the new investor Soros, is also Ford: the carmaker of the Blue Oval, based on its equity percentage of about 12%, has made it known that it expects a profit of 8.2 billion dollars thanks to the investment in the start-up based in California.
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