Rivian soars as Volkswagen plows $5B into struggling EV maker: ‘Game changer’

VW said it would initially invest $1 billion into a joint venture to create what was described as a “next generation software-defined vehicle platform” that will be used in both firms’ electric cars. Rivian is slated to receive another $4 billion in total by 2026.

  Science/Technology   Jun 26, 2024   0   2  Add to Reading List
Rivian soars as Volkswagen plows $5B into struggling EV maker: ‘Game changer’
VW said it would initially invest $1 billion into a joint venture to create what was described as a “next generation software-defined vehicle platform” that will be used in both firms’ electric cars. Rivian is slated to receive another $4 billion in total by 2026.
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