Analysts see the joint venture between VW and Rivian as shoring up many concerns about the U.S. EV maker's challenges.

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Rivian gets big boost from $5.8 billion Volkswagen investment in joint venture

Volkswagen Group (VW) has increased its planned investment in a partnership with electric vehicle maker Rivian by 16 percent ahead of operations launching on Wednesday, the two companies announced.
In a joint statement, the German car giant and the Amazon-backed electric car maker said the joint venture is now worth up to $5.8 billion, marking an increase from an initial investment of up to $5 billion first announced in June.
The deal will lever…

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Volkswagen’s Investment in Venture With EV Maker Rivian Rises to $5.8 Billion

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The two companies will work together to create new electric vehicle architecture and software for future models. 
Volkswagen Group (VW) has increased its planned investment in a partnership with electric vehicle maker Rivian by 16 percent ahead of operations launching on Wednesday, the two companies announced. In a joint statement, the German car giant and the Amazon-backed electric car maker said the joint venture is now worth up to $5.8 billio…

Australian National Review

Australian National Review - Volkswagen’s Investment in Venture With EV Maker Rivian Rises to $5.8 Billion

Rivian announced on Wednesday a $5.8 billion investment from German automaker Volkswagen as part of a joint venture, driving the Amazon-backed electric truck maker’s stock up over 15% on Wednesday. The funding is a much-needed boost after Rivian posted a […] The post Volkswagen invests $5.8 billion in Rivian to keep the struggling EV truck startup afloat first appeared on Tech Startups.

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Volkswagen invests $5.8 billion in Rivian to keep the struggling EV truck startup afloat - Tech Startups

Volkswagen and Rivian collaborate on EV technology. The value of the partnership between VW and Rivian rose to $5.8 billion. The agreement comes in a context of low global demand for EVs. The first Volkswagen models with Rivian technology will be ready in 2027. Volkswagen and Rivian have strengthened their partnership and raise their joint investment to $5.8 billion. That will allow them to share technology for electric cars and bring new models…

Volkswagen și Rivian colaborează pe tehnologia EV. Valoarea parteneriatului dintre VW și Rivian a crescut la 5,8 miliarde dolari. Acordul vine într-un context de cerere globală scăzută pentru EV-uri. Primele modele Volkswagen cu tehnologie Rivian vor fi gata în 2027.  Volkswagen și Rivian și-au consolidat parteneriatul și ridică investiția comună la 5,8 miliarde de dolari.Asta le va permite să împartă tehnologia pentru mașini electrice și să adu…

Volkswagen și Rivian investesc 5,8 miliarde USD în EV-uri. Împart tehnologia pentru a aduce noi modele mai rapid

Aleph News

Volkswagen and Rivian are investing $5.8 billion in EVs. Sharing technology to bring new models faster

Rivian saw its shares jump over 13% in premarket trading on Wednesday after securing a $5.8 billion investment… The post Rivian Shares Surge on Volkswagen’s $5.8 Billion Investment in EV Joint Venture appeared first on EVMagz.

evmagz.com

Rivian Shares Surge on Volkswagen’s $5.8 Billion Investment in EV Joint Venture

Volkswagen announced Tuesday it raised an investment in Rivian from $5 billion to $5.8 billion, multiple media sites are reporting.  The New York Times reports the funding includes a 50 percent stake in the venture. “While short of an acquisition, the new company broadens the alliance with Rivian and could foreshadow similar partnerships between other established carmakers and new companies struggling to become profitable,” says the New York Tim…

Repairer Driven News

Volkswagen increases Rivian investment from $5 billion to $5.8 billion

Rivian and Volkswagen Group formally kicked off their joint-venture arrangement Tuesday, with VW pledging to kick in $5.8 billion by 2027 for EV software and prospective hardware development. The post Rivian and Volkswagen Kick Off $5.8 Billion Joint Venture Agreement appeared first on TFLcar.

Rivian gets big boost from $5.8 billion Volkswagen investment in joint venture

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