VW launches $5.8bn tie-up with Tesla rival Rivian
The two companies say the deal is now worth $5.8bn (£4.55bn) - up from an initial pledge from VW of $5bn. Shares in the US electric vehicle (EV) maker jumped more than 9% in after-hours trading following the announcement. The tie-up will see the firms ...
Last June, VW said it would invest $5 billion in Rivian as part of a new joint venture that’s focused on developing a new ...
Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to ...
The JV, known as Rivian and VW Group Technology LLC, will be headed up by co-chief ... increase scale and lower the cost of ...
VW’s big wake-up call was the Shanghai auto show in April 2023, when the carmaker saw firsthand that digital features such as ...
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“The VW Group was always keen to participate in the EV policy as it allows import of acertain number of battery electric ...
The venture will be jointly run by Rivian's Chief Software Officer, Wassym Bensaid, and Carsten Helbing, Volkswagen Group's ...
Volkswagen raised its planned investment in Rivian to $5.8 billion. But Trump administration is unlikely to bode well for EV ...
The new technology and platforms will be used to support international EV markets. Rivian and VW Group Technology, LLC ...
China’s state-backed EV giants like BYD are driving Volkswagen into a corner with aggressive pricing and political challenges ...
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