VW will invest up to $5 billion in Rivian as part of new EV joint venture
Volkswagen is investing $1 billion in Rivian as part of a new joint venture that will give the German auto giant access to the buzzy California EV company’s software and EV platform. Rivian will receive an additional $4 billion over time, for a total sum of $5 billion. The joint venture will be co-owned by…