Electric vehicles updates
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Rivian, the electric vehicle company backed by Amazon, has filed confidentially for an initial public offering, the company announced on Friday.
Founded in 2009, the Irvine, California-based company, seen as a significant challenger to Tesla, is seeking a valuation of more than $70bn, according a person familiar with its plans.
A spokeswoman for Rivian declined to comment on the target, nor share a proposed timeline for when the listing might happen. Goldman Sachs is leading the offering.
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