Volkswagen boosts bet on Rivian’s EV tech by $800 million
Volkswagen AG raised investment plans in Rivian Automotive Inc. by $800 million, signaling its commitment to the U.S. partner even as electric-vehicle demand softens and the incoming Trump administration threatens to curtail supportive policies.
VW and Rivian are betting they can help each other with their EV lineups at an increasingly precarious time in the industry.
The world’s second-largest automaker and the Silicon Valley startup are trying to address each other’s core weakness.
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 ...
Before we jump into the news, I wanted to steer you toward a recent TechCrunch Equity podcast episode with Waabi co-founder ...
The big challenge for Rivian, the EV maker known for its innovative electric and software systems, has long been how to ...
VW’s big wake-up call was the Shanghai auto show in April 2023, when the carmaker saw firsthand that digital features such as ...
Volkswagen raised its planned investment in Rivian to $5.8 billion. But Trump administration is unlikely to bode well for EV ...
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Volkswagen and Rivian have created a joint venture to help save both. This comes at a time when electric vehicle sales have ...
Rivian (RIVN) and Volkswagen, an upcoming EV startup and one of the world’s largest automakers, are teaming up to ...
Shares of Rivian jumped over 15% after the EV maker announced a $5.8 billion investment from German automaker Volkswagen as ...
Rivian stock price jumped sharply on Wednesday after the company unveiled details of its $5.8 billion joint venture with ...
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