Thursday, June 27, 2024VW To Invest $5 Billion in RivianAuto maker Volkswagen Group said this week that it will invest up to $5 billion in Irvine-based EV maker Rivian. According to the two, they are in a joint venture to create a "next generation software-defined vehicle" platform for both companies' future electric vehicles. The deal is split beteen an initial $1 billion investment in Rivian, and up to $4 billion in planned additional investments. As part of the deal, Volkswagen Group said it will use Rivian's existing electric architecture and sof (More info...)
posted on Thursday, June 27, 2024(Full story)