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Rivian, Volkswagen
VW and Rivian Announce $5.8 Billion Joint Venture
The technology from the joint venture will support both vehicles from the
VW
Group and
Rivian
, such as
Rivian
’s R2 EV that is scheduled to go into production in 2026, and Audi, Porsche,
Scout
, and Volkswagen models. “The positive aspect is that we will ...
Rivian and Volkswagen finalize joint venture worth up to $5.8B
Electric vehicle startup Rivian and German automobile giant Volkswagen have finalized their joint venture. Here's a deeper look at the new partnership.
The Rivian-Volkswagen joint venture deal is now up to $5.8B
Rivian and Volkswagen Group have finalized a multibillion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup’s more technical chops in the coming years. Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal was first announced in June.
Hosted on MSN
1d
Rivian, VW venture kicks off next-gen platform for R1, Scout EVs
Developping a common manufacturing and tech platform to be used for
Rivian
’s upcoming R2 SUV and
VW
’s
Scout
EVs, as ...
1d
on MSN
How VW Got A 'Wake-Up Call' That Sparked A Rivian Team-Up
VW’s big wake-up call was the Shanghai auto show in April 2023, when the carmaker saw firsthand that digital features such as ...
2d
Volkswagen raises investment in Rivian to $5.8 billion
Volkswagen Group raised its investment in Rivian by 16% to $5.8 billion, the two automakers said on Tuesday, as the companies ...
3d
Volkswagen AG's Fledgling Scout Brand Faces Opposition From Powerful U.S. Dealer Lobby
Volkswagen's direct-to-consumer strategy faces legal opposition, complicating growth. See why VWAGY stock remains a buy ...
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