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128 VW will invest $5 billion in Rivian as part of new joint venture

The Verge
Andrew J. Hawkins @ The Verge · 06/25/2024 16:20 EDT

VW will invest $5 billion in Rivian as part of new joint venture

Volkswagen is investing $5 billion in Rivian as part of a new joint venture that will give the German auto giant access to the buzzy California EV company’s software and EV platform.
The new venture was announced in a post from Rivian CEO RJ Scaringe, who noted the investment will help the company bring its next generation R2 electric vehicle to market starting in 2026.


This is exciting! Volkswagen Group CEO Oliver Blume and I are thrilled to announce the formation of a joint venture between our two comp

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