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 ...
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The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian’s software and electrical ...
The venture will be jointly run by Rivian's Chief Software Officer, Wassym Bensaid, and Carsten Helbing, Volkswagen Group's ...
Additional R&D sites in North America and Europe are also in the works, aiming to quickly develop and roll out tech that will ...
China’s state-backed EV giants like BYD are driving Volkswagen into a corner with aggressive pricing and political challenges ...
To attract more foreign investment and advanced technology, Tesla opened its Shanghai factory in 2019 as the first wholly ...
A better question might be this: is the Explorer EV quietly the best electric Volkswagen yet? In my experience, the ID.7 ...
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