Embattled German car manufacturer  has launched a . The venture is valued $5.8 billion (€5.46 billion) of total investment. The partnership is expected to build on Rivian’s advanced software and electric vehicle technology, with the first models expected started in 2027, VW Group CEO Oliver Blume said at the launch of the joint venture on Tuesday in Palo Alto, California. Blume said the 2027 rollout would begin with Volkswagen and would be follo…

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Germany’s VW and Rivian launch joint electric car venture

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Faster, Leaner, More Efficient: Rivian Automotive and Volkswagen Group Announce the Launch of their Joint Venture

Having already been in the works since the summer, Rivian and Volkswagen’s EV-related joint venture has been launched, in a deal worth $5.8 billion – up from the $5 billion originally announced during the summer. The joint venture will help create both electric architecture and software for next generation EVs – which will be ‘software defined vehicles’ (SDVs). The joint venture will be led by both Rivian’s Chief Software Officer, Wassym Bensaid…

electricdrives.tv

Rivian and Volkswagen launch their joint venture

German car giant Volkswagen and American electric car maker Rivian launched a partnership announced in the summer. Volkswagen will invest $5.8 billion in the joint venture by 2027, which is $800 million more than original plans. The aim of the cooperation is to accelerate the transition to electric vehicles.

Nemški avtomobilski velikan Volkswagen in ameriški proizvajalec električnih avtomobilov Rivian sta zagnala poleti napovedano partnerstvo. Volkswagen bo v skupno podjetje do leta 2027 vložil 5,8 milijarde dolarjev, kar je 800 milijonov dolarjev več od prvotnih načrtov. Cilj sodelovanja je pospešiti prehod na električna vozila.

STA: Volkswagen in Rivian zagnala poleti napovedano skupno podjetje

sta.si

STA: Volkswagen and Rivian launched the joint venture announced in the summer

California (dpa) - Volkswagen has formally launched a joint venture with US electric vehicle maker Rivian, committing to an investment of 5.8 billion euros ($6.2 billion), 800 million euros more than previously planned, to accelerate its shift to electric vehicles. The partnership is expected to produce its first vehicles based on Rivian’s advanced electric vehicle technology from 2027, Volkswagen Group CEO Oliver Blume said at the launch of the…

كاليفورنيا (د ب أ)  أطلقت شركة فولكس فاجن الألمانية، رسمياً، مشروعاً مشتركاً مع شركة ريفيان الأميركية لصناعة السيارات الكهربائية، مع التزامها باستثمار قدره 5.8 مليار يورو (6.2 مليار دولار)، أي 800 مليون يورو أكثر من الخطة السابقة، لتسريع تحولها إلى السيارات الكهربائية. ومن المتوقع أن تنتج الشراكة أول إصداراتها بناء على تكنولوجيا السيارات الكهربائية المتقدمة من ريفيان اعتباراً من عام 2027، حسبما قال أوليفر بلوم، الرئيس التنفيذي لمجموعة فولكسفاجن،…

«فولكس فاجن» تطلق مشروعاً مشتركاً مع «ريفيان» الأميركية

aletihad.ae

Volkswagen launches joint venture with US company Rivian

headlinemoney.co.uk

Volkswagen Group and Rivian announce a joint venture with VW increasing investment

Volkswagen has today launched its $5.8bn joint venture with US startup Rivian Automotive to develop software and electronics architectures for its next generation electric vehicle platforms. The two companies are providing engineers to the joint venture, Rivian and Volkswagen Group Technologies in Palo Alto, California, which will be co-led by Wassym Bensaid of Rivian and […] The post VW, Rivian launch $5.8bn Silicon Valley joint venture appeare…

eeNews Europe

VW, Rivian launch $5.8bn Silicon Valley joint venture

Rivian and Volkswagen Group entered into a transaction agreement to create their new joint venture (JV) Rivian and VW Group Technology, LLC. The companies in a joint press release said the size of the deal is now up to $5.8 billion — an increase from an initial investment of up to $5 billion — with the first […]The post Rivian and VW Group Announce the Launch of their Joint Venture appeared first on Electric Cars Report.

Germany’s VW and Rivian launch joint electric car venture

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