Cyngn Completes Initial DriveMod Tugger Deployment With Rivian-March 2024-www.financetom.com

Cyngn Completes Initial DriveMod Tugger Deployment With Rivian

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Cyngn Completes Initial DriveMod Tugger Deployment With Rivian

Mar 19, 2024 7:57 AM

10:31 AM EDT, 03/19/2024 (MT Newswires) -- Cyngn ( CYN ) said Tuesday it has completed its initial DriveMod Tugger deployment with Rivian Automotive ( RIVN ) at the electric vehicle maker's manufacturing facility in Normal, Illinois.

Cyngn ( CYN ), which develops AI-powered autonomous driving technology, said its DriveMod kit allows customers to adopt self-driving technology into their operations without high upfront costs or the need to replace existing vehicle investments.

Cyngn ( CYN ) shares were up about 27% in recent trading, while Rivian fell over 2%.

Price: 0.20, Change: +0.04, Percent Change: +27.79

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