Volkswagen’s $5B investment in Rivian aims to enhance EV technology and software, boosting market confidence and industry innovation.
German automaker Volkswagen Group has announced a $5 billion investment in US-based pure-electric vehicle (EV) maker Rivian. The move, disclosed on Tuesday, aims to form a joint venture (JV) that will advance EV architecture and software, benefiting both companies. The partnership marks an important moment for the automotive industry as it navigates the complexities of transitioning to electric mobility.
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