Volkswagen to invest up to $5 billion in EV maker Rivian as part of tech joint venture

Volkswagen investing $5B in Irvine-based EV company Rivian to design vehicle software

Rivian stock soared after the Irvine-based EV maker and Volkswagen announced a partnership, which will include a $5 billion investment from VW.

Volkswagen to invest $5B in Rivian, form joint venture

German automaker Volkswagen will invest up to $5 billion in electric vehicle startup Rivian, the companies said on Tuesday.The two companies said they are seeking to develop "next-generation electric architecture and best-in-class software technology" for EVs through a planned joint venture.Volkswagen and Rivian said they ultimately intend to incorporate the technology from the joint venture into new vehicles that the companies plan to put out "…

Volkswagen Rescues EV Failure Rivian with $5 Billion Investment

Volkswagen and Rivian have announced a joint venture that will bring Rivian’s EV software expertise to VW’s product lineup. The $5 billion deal has provided a lifeline to Rivian, which has faced major financial problems this year.

Rivian just got a $5 billion investment from Volkswagen, and it could help Rivian solve one of its biggest problems

Rivian's R2 could be the lower-cost SUV model that consumers seem to be clamoring for. RivianVolkswagen will invest up to $5 billion in Rivian, an EV maker that's struggled with profitability.Rivian, which lost $1.4 billion in the first quarter, aims to develop a more affordable SUV. Rivian's new $45,000 SUV, the R2, set to launch in 2026, targets mainstream customers.Volkswagen just inked a deal to invest up to $5 billion in Rivian, the electri…

Volkswagen makes $5 billion investment in EV maker Rivian

German automaker Volkswagen Group will invest up to $5 billion in US electric-vehicle maker Rivian as part of a new, equally controlled joint venture to share EV architecture and software, the companies have said.