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XPEL to be exclusive PPF supplier to Rivian Automotive; stock hits over 3-month high

Jul. 12, 2022 10:49 AM ETXPEL, Inc. (XPEL) StockRIVNBy: Jessica Kuruthukulangara, SA News Editor1 Comment
  • XPEL (NASDAQ:XPEL) stock climbed 6% to its highest in over 3 months on Tuesday after the firm was selected as exclusive supplier to Rivian Automotive (RIVN) for its new paint protection film factory direct program.
  • RIVN will offer factory direct PPF options to its customers ordering new R1T and R1S models starting late 2022.
  • The paint guard packages were developed by XPEL and RIVN's vehicle engineering and design teams.
  • XPEL will operate an installation facility close to RIVN's Normal, Illinois assembly plant.
  • Shares of XPEL have fallen ~25% YTD.

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Comments (1)

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Djreef1966 profile picture
RIVN making moves. Good to see.

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