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Rivian Jumps On Expanded Volkswagen Joint Venture

TechCrunch on MSN · 1d

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.

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.

CNBC on MSN · 1d

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.

1don MSN

VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit

VW's capital to Rivian isn't guaranteed, and neither is the success of the joint venture. Major automotive tie-ups don't ...

Rivian (RIVN) and Volkswagen officially launch their new EV business partnership

Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to ...

20h

Why Rivian's $5.8 Billion Deal With Volkswagen Is Exceptionally Bullish

Electric vehicle (EV) maker Rivian (NASDAQ: RIVN) said late Tuesday that it closed a hugely important deal, in which giant ...

The Business Journals1d

Rivian-Volkswagen partnership to produce EV tech for R2 model

The joint venture will also support the launch of new Volkswagen models by 2027 ... Volkswagen has already invested ...

Rivian And Volkswagen Group Confirm EV Joint Venture

Rivian and Volkswagen Group have announced the formation of a new joint venture (JV ... The funding includes an initial ...

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