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Volkswagen, Rivian launch their $5.8B joint venture

Shares of Rivian jumped over 15% on Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture.The investment boost comes at a crucial time for Rivian, which aims to cut costs, achieve profitability, and launch its smaller, more affordable R2 SUV to attract budget-conscious consumers.The joint venture, Rivian and VW Group Technology LLC will integrate advanced el…

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Rivian shares surge 15% after Volkswagen invests $5.8B as part of joint venture

Read Time:1 Minute, 41 Second                 Shares of Rivian jumped over 15% on Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture. The investment boost comes at a crucial time for Rivian, which aims to cut costs, achieve profitability, and launch its smaller, more affordable R2 SUV to attract budget-conscious consumers. The joint venture, Rivian and VW…

The Baltimore Post

VW's taking a larger stake in Rivian, now up to $5.8 billion Rivian and VW's joint venture has formally been created The Rivian R2 in 2026 and a Volkswagen in 2027 will be the first vehicles to feature the new joint-venture electrical architecture The Volkswagen Group on Tuesday announced that it would up its investment in Rivian as the two...

Green Car Reports

Volkswagen's stake in Rivian grows to $5.8B, joint venture now formed

VW Group and Rivian collaborate on electrical architecture and software development First Rivian to use jointly developed systems will be R2 due in 2026 First VW Group models will use the the systems from 2027 Volkswagen Group has decided to deepen its ties with U.S. electric vehicle startup Rivian, with the two companies announcing on Tuesday...

Motor Authority

VW ups investment with Rivian to $5.8B, forms technology joint venture

VW is committing almost $6 bilion to a partnership with electric automaker Rivian.

retailwire.com

Rivian and Volkswagen Begin Joint Venture To Advance EV Technology - RetailWire

During the summer, Volkswagen and Rivian struck a deal to form a joint venture to work on software and the development of electrical architecture for EVs. The initial VW investment was planned to be $5 billion, but VW has now adjusted it up to $5.8 billion.
The funding will come through in the next few years. About $1.3 billion will be spent on software development, another $3.5 billion will be allocated to purchasing Rivian shares, and about $1…

arenaev.com

Volkswagen pledges even more money to its joint venture with Rivian

Volkswagen and Rivian Join Forces in $5.8 Billion Partnership to Lead the Future of Electric Vehicles Volkswagen Group (VW) has officially launched a strategic joint venture with electric vehicle (EV) startup Rivian, marking a significant milestone in the automotive sector. The deal, now valued at $5.8 billion (£4.55 billion), represents an expanded commitment from Volkswagen, surpassing the original $5 billion investment pledge. This collaborat…

Volkswagen, Rivian launch their $5.8B joint venture

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