Electric vehicle company Rivian Automotive (NASDAQ: RIVN) is one of the many companies competing for market share in the growing sector of the automotive industry. When it comes to electric vehicle charging technology, Rivian may have a new solution to differentiate itself.
U.S. stocks traded higher this morning, with the Nasdaq Composite gaining over 1% on Friday.
The Dow traded up 0.24% to 33,746.70 while the NASDAQ rose 1.22% to 13,362.51. The S&P 500 also rose, gaining, 0.65% to 4,327.54.