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.
Woah, Volkswagen will invest up to $5.8bn into US electric carmaker Rivian
Volkswagen will invest up to $5.8bn into Rivian as part of a new joint venture that’ll see them both working extremely closely on their future electric cars.
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.
Volkswagen and Rivian Form $5.8 Billion Joint Venture to Revolutionize Electric Vehicle Production
Volkswagen and Rivian join forces in a $5.8 billion venture to accelerate electric vehicle innovation, combining expertise to revolutionize EV production and drive sustainable mobility.
Rivian and Volkswagen finalize joint venture worth up to $5.8B
Electric vehicle startup Rivian and German automobile giant Volkswagen have finalized their joint venture. Here's a deeper look at the new partnership.
Rivian, Volkswagen announce new joint venture, $5.8 billion software, electric vehicle deal
Electric vehicle manufacturer Rivian Automotive and the Volkswagen Group are partnering up in a nearly $6 billion deal to create a new technology company.
Will Rivian be Volkswagen’s software savior? VW is betting $5.8B it will
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Rivian shares surge on $5.8 billion Volkswagen investment in JV
Shares of Rivian jumped over 13% in premarket trading Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture. The investment boost comes at a crucial time for Rivian,
Inside VW and Rivian’s $5.8 Billion Bet to Rescue Each Other
The world’s second-largest automaker and the Silicon Valley startup are trying to address each other’s core weakness.
Rivian’s stock soars as joint venture with Volkswagen is upsized to $5.8 billion
Volkswagen have launched their upsized joint venture, joining forces with the goal of creating “cutting-edge” electric-vehicle technology. Rivian and the Volkswagen said that the deal totals $5.
VW And Rivian Team Up To Develop EV Tech for 2027 Launch
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2025 Volkswagen ID.Buzz
Spread the loveThe 2025 Volkswagen ID.Buzz marks the exciting continuation of Volkswagen‘s reimagining of its iconic microbus ...
VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit
VW's capital to Rivian isn't guaranteed, and neither is the success of the joint venture. Major automotive tie-ups don't ...