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's stake in Rivian grows to $5.8B, joint venture now formed
VW's investment in Rivian is growing as the joint venture gets off the ground for software and electrical architecture.
Rivian And VW's $5.8B Joint Venture Will Power A Lot, Including 'Subcompact Cars'
The venture will be jointly run by Rivian's Chief Software Officer, Wassym Bensaid, and Carsten Helbing, Volkswagen Group's CTO. They'll serve as co-CEOs. It'll be based in Palo Alto, California, to start. Three more sites are in development North America and Europe, the companies said on Tuesday.
Rivian Stock Soars on Upsized Volkswagen Joint Venture
Key Takeaways Rivian Automotive shares soared Wednesday, a day after the electric vehicle manufacturer expanded its partnership with Volkswagen in a move aimed at helping both firms find ways to grab more of the market for EVs.
VW and Rivian officially kick off $5.8 billion joint venture, announce leadership
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.
VW-Rivian Announce Billion Dollar Venture
Volkswagen said it would invest up to $5.8 billion in a joint venture with Rivian Automotive. The German automaker plans to invest up to $5.8 billion in Rivian. Watch this report for more details!
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