12 Best EV Charging Stocks to Buy According to Hedge Funds

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2. Rivian Automotive, Inc. (NASDAQ:RIVN)

Number of Hedge Fund Holders: 41

Rivian Automotive, Inc. (NASDAQ:RIVN) has announced that it plans to set up its East Coast headquarters in Atlanta, Georgia, as part of its ongoing $5 billion investment in the state. It is anticipated that the office, which will open in late 2025 at the Junction Krog District building of Portman Holdings at 667 Auburn Ave NE, will initially employ 100 workers before growing to 500 when it reaches full capacity.

This statement supports Rivian Automotive, Inc. (NASDAQ:RIVN)’s proposed 7,500-person EV manufacturing plant in Stanton Springs North, which is close to Social Circle. Georgia Governor Brian Kemp and Atlanta Mayor Andre Dickens commended the action, pointing to the creation of jobs and the city’s increasing contribution to the development of electric vehicles.

Rivian Automotive, Inc. (NASDAQ:RIVN) CEO RJ Scaringe cited Atlanta’s talent and culture as important considerations in the choice. The business also intends to work with nearby educational establishments as it grows. This key location enhances Georgia’s standing in the EV industry and fortifies the company’s East Coast foothold. It is one of the Best EV Stocks.

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