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VW and Rivian officially kick off $5.8 billion joint venture, announce leadership

admin6 months ago08 mins

Volkswagen and Rivian have crossed all their T’s and dotted all their I’s in their new $5.8 billion joint venture, which officially kicks off its work on November 13th, the companies announced today. Last June, VW said it would invest $5 billion in Rivian as part of a new joint venture that’s focused on developing…

VW will invest up to $5 billion in Rivian as part of new EV joint venture

admin11 months ago07 mins

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…