The Rivian-Volkswagen joint venture deal is now up to $5.8B

Quick Summary:

Rivian and Volkswagen Group have finalized a multi-billion-dollar joint venture to develop software, paving the way to let the German auto giant leverage the EV startup’s more technical chops in the coming years.

Volkswagen will invest up to $5.8 billion by 2027, about 16% more than when the deal was first announced in June.

The Rivian-Volkswagen joint venture deal is now up to $5.

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Article Details

Author / Journalist: Sean O'Kane, Kirsten Korosec

Category: Technology

Markets: United States

Topics: Volkswagen Rivian Transportation EVs TC

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 21:11:54 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 527 words

Reading Time: 3 minutes read

Sentences: 36 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 23559792

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