Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to ...
The JV will be co-led by Rivian’s software chief, Wassym Bensaid, and VW Group’s chief technology engineer, Carsten Helbing.
The big challenge for Rivian, the EV maker known for its innovative electric and software systems, has long been how to reach the next stage of growth. That stage became within reach in June, when the ...
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 ...
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 ...
Volkswagen raised its planned investment in Rivian to $5.8 billion. But Trump administration is unlikely to bode well for EV ...
Rivian (RIVN) is losing over $1B per quarter, or $30K-$40K on each truck it sells, with current volumes not enough to sustain ...
The German automotive giant said that it was committing to a $5.8 billion investment to boost its transition to electric ...
Volkswagen and Rivian have launched a $5.8bn joint venture, sharing critical EV technology amid slowing global demand and ...
RIVN), a small EV company fighting for survival, have created a joint venture to help save both. VW, which plans to close ...
The EV company and VW agreed to a partnership in June that could provide Rivian with around $5 billion in capital in the ...
China’s state-backed EV giants like BYD are driving Volkswagen into a corner with aggressive pricing and political challenges ...