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Rivian, Volkswagen
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.
Rivian-Volkswagen joint venture deal rises to up to $5.8 billion, VW cars expected as early as 2027
The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian's software and electrical architecture arriving as early as 2027.
Volkswagen and Rivian Form Joint Venture, Deepening Alliance
The new agreement, which builds on an earlier announcement, calls for the German automaker to invest $5.8 billion in Rivian, a maker of electric vehicles.
4d
on MSN
Rivian Stock Soars on Upsized Volkswagen Joint Venture
Rivian Automotive shares soared Wednesday, a day after the electric vehicle manufacturer expanded its partnership with ...
2h
BYD to overtake Volkswagen ventures as China’s top producer amid surge in EV deliveries
BYD is set to overtake perennial market leader Volkswagen as China’s biggest carmaker in 2024 after outselling the German ...
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