Amazon and Ford-Backed Electric Truck Maker Files to Go Public for $80 Billion

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The electric vehicle market is about to get a big jolt. A much-hyped EV company backed by Amazon and Ford just filed to go public at an $80-billion valuation.

Rivian, which plans to deliver its first vehicles next month, will immediately become a leading Tesla competitor, diversifying a new frontier in the American EV market: pickup trucks.

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Source Fool.com