Recent Updates on Volvo and Rivian in the EV Market

Volvo experienced a downturn in the European EV market with 226,000 plugin vehicles registered in May, noting a 10% decrease from the previous year The Volvo EX30 notably secured the 2nd place in European sales for the month Meanwhile, Rivian made headlines by officially denying any plans to collaborate with Volkswagen on vehicle production, countering rumors initially reported by Handelsblatt. This clarification reaffirms Rivian's position of maintaining their partnership with Volkswagen strictly to software integration, addressing any misconceptions regarding an expansion into joint vehicle production.