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 ...
Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to ...
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 ...
The new technology and platforms will be used to support international EV markets. Rivian and VW Group Technology, LLC ...
RIVN), a small EV company fighting for survival, have created a joint venture to help save both. VW, which plans to close ...
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The venture will be jointly run by Rivian's Chief Software Officer, Wassym Bensaid, and Carsten Helbing, Volkswagen Group's ...
The spending may ease concerns about Rivian's cash burn and give the German carmaker access to its US partner's software ...
“The VW Group was always keen to participate in the EV policy as it allows import of acertain number of battery electric ...
Volkswagen raised its planned investment in Rivian to $5.8 billion. But Trump administration is unlikely to bode well for EV ...
China’s state-backed EV giants like BYD are driving Volkswagen into a corner with aggressive pricing and political challenges ...
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