What Record Rivian IPO Means for the Electric Vehicle Industry

Asad Hussain, lead mobility analyst at data company PitchBook, joined Cheddar to discuss the blockbuster Rivian IPO. The electric truck maker's valuation jumped to more than $90 billion, signaling progress in the "multi-decade transformation in mobility," according to Hussain. He noted that electric automakers like Rivian, Tesla, and Lucid, will continue to lead electrification in being free to innovate and lacking the legacy issues facing traditional, combustion engine carmakers.
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