VW launches $5.8bn tie-up with Tesla rival Rivian
Volkswagen Group (VW) and Tesla rival Rivian have launched a joint venture, with the German car giant increasing its investment in the partnership. The two companies say the the deal is now worth $5.8bn (£4.55bn) - up from an initial pledge of $5bn by VW.
Volkswagen, Rivian Launch $5.8bn Joint Venture Amid EV Industry Competition
Volkswagen and Rivian have launched a $5.8bn joint venture, sharing critical EV technology amid slowing global demand and competition.
Volkswagen to Invest $5.8 Billion in EV Startup Rivian Through Joint Venture
The joint venture targets Rivian’s existing electrical architecture and software technology stack, enabling the launch of Rivian’s R2 model in the first half of 2026, the companies said.
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 kick off their planned joint venture to develop electric vehicle architecture and software.
Germany's VW and Rivian launch joint electric car venture
The German automotive giant said that it was committing to a $5.8 billion investment to boost its transition to electric vehicles in cooperation with US EV-maker Rivian.
Volkswagen And Rivian Launch Joint Venture Valued At $5.8 Billion
With this venture, the two companies plan to bring "best-in-class software technology" and "next-generation electrical architecture" for future electric vehicles of the companies. The deal will cover various kinds of vehicles,
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Volkswagen Anhui could scrap the MEB in China
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