Apple (AAPL) is in talks with EV maker Rivian (RIVN) about a possible partnership, DigiTimes reported Monday night.
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Taiwan-based Digitimes cited supply chain sources. But it’s unclear what any such alliance would entail. Apple canceled its long-running “Project Titan” Apple Car in late February.
It’s unclear if there are actual talks. Even if true, talks needn’t amount to anything.
Apple is holding a “Let Loose” event on Tuesday morning that is expected to focus on new iPads.
Rivian reports first-quarter earnings Tuesday night.
Apple, Rivian Stock
Apple stock dipped 0.9% to 181.71 in Monday’s trading. Shares gapped up 6% on Friday following better-than-expected quarterly earnings and a $110 billion buyback.
Rivian stock climbed 2.6% to 10.33, hitting resistance at its long-sliding 50-day line. Shares hit a record low last month.
Rivian has a market cap of just $10 billion.
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